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16 Nov 2021

Offshore ‘mastermind’ ran $300M ‘shadow bank’ for clients’ tax-haven money, draft CRA report says

Author: admintech | Filed under: Finance/ Money
Fred Sharp, offshore 'mastermind,' in 2013 short film Look Both Ways

Scores of wealthy Canadians had access to a Vancouver-based “shadow bank” that they used to buy homes, vacation properties, cars and airplane tickets with funds stashed in tax havens, according to a confidential draft report by the Canada Revenue Agency.