At least 7 current, former NFL players allegedly involved in tax scam

by Barry Artiste | February 23, 2008 at 10:15 am | 586 views | 6 comments

Opinion
Barry Artiste, Now Public Contributor
Ah Yes, Death and Taxes, only one is a sure thing, Taxes that is.

An acquaintance, let's call him Peter M age 50, would brag to anyone in earshot about this New Fantastic Accountant he had for the last few years, this Accountant would allow Peter to deduct just about every conceivable expense from haircuts and perhaps even the air he breathed (his accountant stated "Well you have to look good for your clients now don't you?) . For three years that I have known him Peter would drive the latest leased new Mercedes 500, big fancy home, new high end golf clubs and of course pimped out in best tailored made suits courtesy of Holt Renfrew, everything under the sun it seemed could all be expensed and thus tax deductable according to his accountant, who would only charge Peter a paltry $4,000.00 another tax deduction, no doubt. Peter would again gloat, but yeah, he is expensive, but come on Guys, look at this as he nonchalantely, picked up our Mortons Steakhouse Tab while waving his yearly $13,500 tax refund and gloat, yep I am getting big refund checks like this three years in a row!!! Revenue Canada woke up and requested he submit to an audit, non plussed Peter let his Supercalafragilistic Accountant handle this minor annoyance after being assured that this was just a Blip in "Peters Super Fantastic World".

Yep, some of us in the know, were only too happy, well actually we were cruel rotten little bastards not to inform him that Revenue Canada does not live in "Peter's World" although his Accountant assured Peter that they do.

Anyways this tax year "Peters World and Rose Coloured Glasses" were shattered, when Revenue Canada awarded Peter a Princely Audit in the amount of $70,000 dollars, to be paid immediately, plus penalties and rest assured a seized bank account and assets in 30 days if not paid promptly.

Peter comes by my office visibly distressed after numerous calls to his Wonderful Accountant were met with "This Number is no longer in service" one can assume the Accountant isn't either, as I drove to investigate the accountant New Westminster digs only to find the Accountant's office suddenly vacant in what looked like a hasty midnight retreat with a forwarding address unknown.

I am certain Peter's Accountant had many other clients who are now crying into their morning Baileys and Coffee as Revenue Canada most likely is living the Dream, just not theirs.

Funny, how seemingly rich and intelligent people get scammed everyday, who eagerly flock to those who offer Fantasy instead of Reality. Makes one wonder how the Rich became Rich in the first place. Certainly Intelligence is not a prerequisite,

As they say if it sounds too good to be true, it usually is.


SEATTLE - At least seven current and former NFL players have been tangled up in a complicated tax scam, the Justice Department said Thursday. But the agency declined to release names or say whether they participated knowingly.

THE ASSOCIATED PRESS

According to federal complaints filed against two tax preparers, the players were among dozens of people who sought to amend old tax returns and receive big refunds, which they would then "invest" in a sham gold-mining company. The mining company, Meredon Mining Co. of Colorado, would then give some money back to the investors.

Meredon Mining is controlled by Milo Brost of Calgary. The Alberta Securities Commission issued a lifetime ban against Brost last summer because of his long history of fraudulent trading practices.

The tax preparers - William H. Camp Jr., of Washington, D.C., and Eric J. Peterson of Channelview, Texas - promised their customers that the scheme was legal, the complaints said, and they claimed US$34 million in fraudulent refunds. The IRS paid out $1 million before uncovering the scheme, and is now trying to get the money back.

 

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amyjudd
good stuff:

Barry Artiste, I like this story. It's good stuff. It's always people like that who try to cheat the system and then up having to pay big. But I can't pretend that I don't get feel somewhat satisfied when they finally do get caught. Which might be mean of me to say, but I can't help it.

Barry Artiste

Thanks for the comments Amy, of course if you are walking down Robson Street in Vancouver, and see a well dressed man of Raymond Massey proportions wearing a out of place Knapsack  and walking instead of driving, searching dumpsters and street trash containers for empty pop cans, while on his appointed rounds to his clients, perhaps have pity, as Peter may ask you "are you done with that Pop can?" As I am sure Revenue Canada are close by looking for their cut.  
 

amyjudd

Ha, ok I'll try to remember that next time I'm on Robson, although the site you described is not too uncommon, so it might be hard to pick him out!

Barry Artiste

okay Thanks

jordan

Unless your driver's license reads "Snipes, Wesley", you're gonna have to face up to taxes eventually...

Barry Artiste

..........or  Conrad Black, Brian Mulroney, Karl Schrieber....and so on and so forth..

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February 23, 2008 at 10:15 am by Barry Artiste, 586 views, 6 comments

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