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www.insideHALTON.com | OAKVILLE BEAVER | Wednesday, April 2, 2014 | 12 Oakville man facing charges in RCMP fraud investigation A 52-year-old Oakville man is among six people facing charges in connection with a fraudulent investment scheme, which cost thousands of investors and the Government of Canada millions of dollars. In April 2012, the Royal Canadian Mounted Police's (RCMP) Greater Toronto Area (GTA) Financial Crime team received information about a possible `tax avoidance scheme'. Police allege since 2004, at least six individuals enticed thousands of investors to participate in an illegal tax shelter. The fraud involved convincing investors they could legitimately purchase a company's business losses, which could then be used to lower their income taxes. Police allege in many cases the companies involved did not have agreements for their losses to be transferred to third parties. In other cases, police allege the businesses providing a large portion of the losses were controlled by the six accused and losses were fabricated. Since 2004, the risk of financial loss by the Government of Canada because of this specific fraud is measured at more than $200 million. The RCMP investigation resulted in six arrests Wednesday, March 26 with search warrants being executed at businesses in Toronto and Peterborough. Police said companies allegedly used by the accused included: Integrated Business Concepts (IBC), Synergy Group 2000, Cason Global Wealth Association (CGWA) and IBCA 2009. Among those arrested is David Prentice, 52, of Oakville, who was charged with two counts of fraud over $5,000 and commission of an offence for a criminal organization. The investigation is ongoing. Anyone with information is asked to contact the RCMP GTA Central Intake unit at 1-855253-7267. Come visit our new and improved website! International Centre, Hall 6 Mississauga FREE PARKING Don't miss Canada's celebration of everything English, Irish, Scottish & Welsh! Plus: Great entertainment, shop for specialty products, baked goods, live dart tournament, authentic pub, and more! Adults $15, Senior (65+), $12 Students (12-18) $12, Kids (11 + under) FREE British Isles Show Hours: Friday 10am-5pm · Saturday 10am-6pm · Sunday 10am-5pm April 11 - 13 Admission Special Appearance by "DEV ALAHAN" Beatles 50th Anniversary TRIBUTE CONCERT A beautiful new look for our website with plenty of travel inspiration Even more handpicked top travel deals specific to your region Personalize your travel search with our easy-to-use TripSearch tool Our brand new TravelBlog featuring travel tips and advice Curating the very best travel deals for Canadians for over 10 years. At the show all weekend + BeatlesTribute concert appearance. Limited number of wristbands available online & at the door. FRIDAY APRIL 11 Performed byThe Caverners. Concert doors open at 7pm. Concert tickets are $50, limited seats available. For more information call: 905-842-6591 x 245 Tickets now available on our website britishislesshowcanada.com BritishIslesShow BritishShowCAN PRODUCED BY: now available! Enjoy convenient shopping from the comfort of your home, with 24/7 ordering and flexible shipping options Pick up your FREE copy at your Sears catalogue location or view it online at www.sears.ca/cataloguecentral Our summer preview sale Catalogue 2014 you can also download the sears catalogue ipad app. NP064-728 © Sears Canada Inc., 2014. All rights reserved.