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Calgary man who ran RRSP scheme convicted of tax evasion, fraud

A Calgary man who orchestrated a fraudulent RRSP scheme has been criminally convicted of fraud and tax evasion.

According to court documents, from 2002 to 2006 James Harvey Cameron was the mastermind behind a scheme through which he diverted $2.5 million of investors’ funds for his own use. He also failed to report the money as taxable income, evading federal taxes almost $700,000.

Read more at Calgary Sun

This article is summarized by Canadian Fraud News Inc.