N.S. man who fled U.S. on a rented snowmobile jailed for bankruptcy fraud

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An “almost illiterate” Nova Scotia man who made it rich in Massachusetts real estate and then fled across the border back to Canada on a rented snowmobile to avoid criminal prosecution has been jailed for 18 months.

Cyril Gordon Lunn, 69, was sentenced Wednesday in federal court in Boston on charges that he hid up to US$4 million in cash after declaring bankruptcy.

Lunn owned Cy Realty Corp., a construction and development business in Pepperell, Mass. He declared bankruptcy in 2001, but failed to disclose that he had stashed the money in Canadian banks.

Read more at CTV News

This article is summarized by Canadian Fraud News Inc.