CRA sent jailed mafia boss big refund

By Staff | September 26, 2013 | Last updated on September 26, 2013
1 min read

A CBC investigative report has revealed that the Canada Revenue Agency sent now-deceased mafia boss Nicolo Rizzuto an income tax refund cheque for almost $400,000, despite the fact the mobster then owed the taxman $1.5 million.

Read: What’s changed in money laundering regulations?

“The cheque…is dated Sept. 13, 2007. Rizzuto was in jail then, having been arrested the year prior and charged with extortion, bookmaking and drug smuggling as part of the biggest police crackdown on the Italian Mafia in Canadian history,” notes the report, adding the discovery has deepened worries of mafia infiltration of CRA.

Read the rest here.

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.