Canadian who promoted multi-million dollar IRS fraud scheme gets 11 years in prison

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An Ontario man who got swept up in a get-rich scheme that fleeced the Internal Revenue Service (IRS) of millions of dollars was sentenced Monday to 11 years in prison. Kevin Cyster, 52, of Burlington, Ont., was part of a small group of Canadians that falsely claimed to the U.S. tax-collecting agency that nearly $10 million in federal income taxes had been withheld on their behalf by various Canadian financial institutions and paid over to the IRS. The IRS ended up paying out more than $3.5 million in refunds to the group before the fraud was detected. One of Cyster’s co-conspirators, Renee Jarvis, 51, also of Ontario, previously pleaded guilty to conspiracy to defraud the United States and to commit theft of government funds. She is due for sentencing next week.

By: Douglas Quan
Read the full article on The National Post.