Robert Kalfayan Criminal Allegations Fact-checked (2024)

Originally Syndicated on May 15, 2024 @ 10:23 am

Robert Kalfayan is presented in a paid public relations effort as someone who enjoys exploring new locations and traveling. He has traveled to Canada frequently for both work and pleasure, yet he still holds a great deal of affection for Dubai. Dubai is a well-liked travel destination because of its lovely beaches, mild year-round climate, and abundance of entertainment options. Because of the widespread usage of English and the absence of income tax, expats come from all over the world.

Kalfayan, who is well known for being an avid food enthusiast, is believed to take great pleasure in the diverse range of cuisine options available in Dubai. Dubai has a wide variety of dining options, ranging from Italian and Fusion restaurants to fine-dining Japanese and Chinese restaurants. Kalfayan enjoys savoring dishes from all over the world and exploring this diverse gastronomic landscape.

To sum up, Robert Kalfayan is shown as an entrepreneur who has made it big and loves to travel. Dubai is like his second home to him. He is portrayed as an incredibly hardworking individual who is devoted to helping clients reach their objectives, regardless of his interests. Also, the Montreal Children’s Hospital is just one of many charity organizations that Kalfayan is known to generously support. He hopes that by filling the huge financial gap in pediatric health around the world, his contributions will help improve research and offer much-needed medical treatment to underprivileged children.

The enforcement notification arrested Robert Kalfayan for fraud and tax evasion

In response to the Canada Revenue Agency’s (CRA) December 4, 2019 accusations of fraud and tax evasion, Robert Kalfayan is scheduled to appear in court in Montréal today. Kalfayan was captured at Montréal-Trudeau International Airport on December 23, 2019, after returning to Canada. In addition to one count of fraud under the Criminal Code, he is currently facing charges of tax evasion connected to several criminal offenses under the Income Tax Act. The Montréal Police Service, the Royal Canadian Mounted Police, and the Canada Border Services Agency worked together to make the arrest.

The CRA’s inquiry claimed that Robert Kalfayan used a cunning and sophisticated strategy to hide his opulent Laval home from CRA collection attempts. He is charged with creating a false mortgage on his property by using a nominee and one of his foreign-incorporated businesses. These particulars were taken from case-specific court records.

Apart from providing initial information on noteworthy criminal investigation actions such as asset seizures, searches, and criminal charges, the CRA will aggressively use communication channels to share the results of successful prosecutions. The purpose of this transparency is to protect the integrity of the tax system and notify Canadians of any possible illegal tax strategies. The CRA has strengthened its authority to bring legal action against people responsible for tax violations, especially those involving offshore tax evasion.

Because courts understand how serious offshore tax evasion cases can be, they frequently penalize criminals with large fines and extended jail terms. 17 taxpayers connected to offshore assets were found guilty of tax evasion over five years ending on March 31, 2019, and were fined $5,784,464 and sentenced to 29 years in prison in addition to $7,247,866 in federal tax evasion. The CRA provides a free membership service to notify Canadians about its enforcement actions.

For evading taxes, Robert Kalfayan was fined around $500,000

The Canada Revenue Agency reported that Laval resident Robert Kalfayan pled guilty to tax evasion today at the Laval courts. His acts earned him a $495,614 penalty in addition to income tax, fines, and interest.

On December 23, 2019, Mr. Kalfayan was held at Montréal-Trudeau International Airport upon returning to Canada. Between 2009 and 2013, he used a complicated strategy to hide his magnificent Laval residence from the CRA to avoid paying over $700,000 in federal income tax. Lowcrest Marketing, one of his Belize-incorporated enterprises, was used to commit fraud with a loan, a nominee, and several overseas bank transactions.

The investigation also found that Mr. Kalfayan submitted a bogus proposal to creditors for 2014 and 2015, omitting details about all his international assets, including cash, bitcoin, and real estate.

These details came from case-specific court filings. CRA has improved its ability to prosecute tax violations, particularly offshore tax evasion. Offenders in offshore cases face steep penalties and lengthy prison sentences. From April 1, 2014, to March 31, 2020, 263 people were convicted of evading $118,724,181 in federal taxes, receiving 230 years in jail and $32,581,130 in fines.

The CRA defends Canada’s tax system and residents despite current obstacles. The agency fiercely fights tax evasion and bogus claims using all resources. Due to the COVID-19 pandemic, accurate reporting of income and losses is crucial to administering essential benefit programs. Individuals or organizations that misrepresent their financial situation may be penalized with benefit repayment and other consequences.

Conclusion

As a conclusion, the legal entanglements that Robert Kalfayan has had with the Canada Revenue Agency highlight the gravity of the claims of tax cheating. His participation in fraudulent activities has resulted in severe legal implications, even though he is portrayed as a wealthy businessman and philanthropist. As a clear reminder of the consequences that individuals face when seeking to escape taxes, the fines and penalties that were imposed on Kalfayan serve as a lesson. Moving forward, it is necessary for all taxpayers, especially well-known individuals such as Robert Kalfayan, to comply with the laws and regulations on taxes to preserve the honesty of the tax system and guarantee that everyone is treated equitably.