RCMP “A” Division Ottawa Commercial Crime, assisted by the Integrated Market Enforcement Teams, laid a charge against Serge Nadeau earlier today in connection with the income trusts investigation.
The investigation was initiated in December 2005 when the RCMP received allegations regarding a possible breach of security and illegal transfer of information in advance of the Government of Canada’s Nov. 23, 2005, announcement of changes to the taxation of Canadian corporate dividends and income trusts.
Serge Nadeau, age 50 of Ottawa, General Director, Analysis, Tax Policy Branch, Department of Finance Canada, is charged with Criminal Breach of Trust, in connection with the duties of his office. It is alleged that he used confidential Government of Canada information for the purchase of securities which gave him a personal benefit. Breach of Trust, under Section 122 of the Criminal Code of Canada, is an indictable offence with a maximum penalty of imprisonment for up to five years.
The RCMP works to maintain confidence in Canadian markets by preventing, detecting and deterring crimes that affect the Canadian economy. The RCMP has conducted an exhaustive investigation. The investigation into the income trusts matter is now concluded.
Catherine, Goodale had a meeting, which he told the world about during question period, soon before the announcement on Income Trusts, with some members of the Investment Dealers Association. The Lie-beral ship is so full of leaks that rats like Goodale, Brison and the rest of the LPoC are swimming for their lives.
Now what about the NINE BILLION DOLLARS that Cretin sent to the, so called, Private Foundations?
How about a forensic audit on all of the contracts that former PMPM’s CSL had with the government of CANADA?
Technology Partnerships Program?
The long gun registry?
HRDC SCANDAL?
The Shawinigan Shuffle?
Crooks, liars and thieves!
Chretien: Wad’s da couple da millions stole? …-
Critics say they don’t believe just one man benefited from 2005 income trust leak
By DAVID PADDON
Official charged in income-trust case
TORONTO (CP) – The RCMP’s decision to close its investigation into an alleged Liberal-era leak of income trust tax policy after laying a single charge against one person Thursday, was greeted with skepticism by one of Bay Street’s biggest critics.
“It’s just, to me, impossible that it was only person involved,” said Al Rosen, a prominent forensic accountant who has accused the accounting profession, governments, regulators and police of failing to protect ordinary investors.
“I can see why the RCMP wants to close the whole thing down with one prosecution. But there was just too much trading volume that particular day in just too many stocks. So it can’t possibly be one guy trading on his own behalf.”
The day in question was Nov. 23, 2005. Paul Martin was still prime minister and Ralph Goodale was the Liberals’ finance minister. Although a federal election hadn’t been called yet, everybody knew the minority Liberal government’s days were numbered.
Word began spreading that afternoon that Goodale planned to make an announcement after Canadian stock markets closed for the day at 4 p.m. ET – generally a signal that the contents of the announcement could influence trading activity.
Goodale announced that the Liberals had decided, after careful consideration, the government wouldn’t begin taxing income trusts – as early indications had suggested the would – but it would lower tax rates for dividends. …-
http://cnews.canoe.ca/CNEWS/Canada/2007/02/15/3636850-cp.html
OK, I’m convinced. In order to prevent any further disgraceful, felonious acts from being committed in our government regulatory agencies, let’s disband them, repeal the regulatory shackles and cut taxes to such a low rate that it won’t be worth anyone’s time to take advantage of inside knowledge of government policy.
I mean, you Conservatives do realize that this scandal didn’t happen because the Liberals were in charge, or because French people work for DFC, right? That people in government steal because they can, and not because they are connected to any particular political party or have any particular mother tongue? Not to mention that even when “legitimately” collected and not blatantly stolen, the tax money raised off working Canadians’ backs is mostly used as loot to buy votes from barely-working or non-working Canadians. Or shipped to foreign government insiders’ bank accounts in the form of “aid” or “credits”.
I hope that Harper has the sense to use this scandal as the basis for real reform and not as a tissue of legitimacy to wrap around “transparent” tax increases and government-expanding “accountability” bureaucracies. Whoops! Too late. Never mind.
*
You get a different opinion when you ask, say… a Forensic Accountant.
“It’s just, to me, impossible that it was only person involved,” said Al Rosen,
a prominent forensic accountant who has accused the accounting profession,
governments, regulators and police of failing to protect ordinary investors.
“So, unless this guy’s a multimillionaire and has dozens of brokers he deals with,
this charging of one person makes no sense.”
*
I am still waiting for a reply from Goodale to at least acknowledge receipt of my e-mail. I told him that just because the liberals have been cleared by the media does not mean canadians believe them. We have learned to recognize their body language when they are lying.
Of course I am not able to vote for him, but I do have several family members who live in his riding.
This bill that passed yesterday, and is now in the senate will take months to get anywhere.
But, I would like to see the following
Whereas we in the senate have perused this bill, we find it lacking in many areas. We feel that passage would require expenditures and more details as to what would be required, if passed.
We can not allocate money. (I hope)
Therefore, we are sending this bill back to the floor for the authors of this bill to be specific as to plans, details and money and timelines. We expect this bill back before us in 10 days.
Puts the ball back to the liberals court.
The budget will be presented by then, and if defeated, an election and the bill dies on the floor. Budget passes, libs have to come up with a plan in 10 days, Pablo goes into a big sweat. Do the liberals tell the truth, targets can’t be met, do they present something akin to Freds letter, what do they do, what does the media do. Bill is defeated, election called with the message, look what the liberals will do to the economy, your job, your lifestyle. Harper majority. Bill passes, Harper calls an election, message is the same with the added message, I cannot allow the liberals to ruin the economy of Canada, cause provinces to separate etc.
Harper majority. Liberals wiped out except maybe in TO.
If CBC Hacks like Newman think it’s over with the Librano Income Trust scandal, we had better take another look.
It’s curious the RCMP would be so damned definite the matter is cleared up with one, yet to be found guilty scapegoat.
Ralphy and Scotty played no part, isn’t that just the way we all expected it would turn out?
When Liberal scandals get a clean bill of health why is there always a stench left behind?
Comforting to know that the RCMP thoroughly investigated the Income Trust debacle, just as diligently as they investigated their own role in the Adscam debacle. At least, if nothing else, there is consistency in our law enforcement procedures.
Typical bloody cbcPravda. Play up the angle of no charges laid against politicians…vindication for Liberals… demands for apology… blah blah blah, but none of these doofus so-called reporters thinks to ask how one civil servant could drive those millions of dollars of trades in the last hours of November 23, 2006.
http://www.cbc.ca/money/story/2007/02/15/income-trust.html
this one on CTV(tass) , CBCpravda would never report this.
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20070216/trusts_apology_070216/20070216?hub=Canada
watched CBCpravda news this morning (gets my heart going) The worried newscaster broad on there looked like she was going to break out in tears , made comments like “this lost the liberals the election” – apparently the 100million adscam steal wasnt the cause.
CBCpravda “All Liberal -All the time”
Hey Ralph, maybe a class action suite can be taken.
Hear Merchant law group could use a few dollars.
CBCpravda “All Liberal , All the time”
http://www.cbc.ca/canada/story/2007/02/16/harper-income.html
cal2:
I still don’t see anybody at either Tass or Pravda asking Ralph Goodale how one civil servant could have made all those trades. Do you think his constituents might ask?
Yes its always funny how CBCpravda or CTV(tass) cant ask the hard questions ?
But they can expend a huge about of time on whether Paris Stronach is a dog.
The morning newscast yesterday was a lark on CBCpravda.- the newcaster broad had such a worried look ,I thought she was going to cry while saying Goodale wanted an apology.
one thing that has happened in the past few months is we dont hear from Scooter Brison, we dont hear from Paris Stronach, we dont hear from Garth Turncoat and we rarely hear from Borat Dion.
“the izzy money is from the Albirda piples”
At least CBCpravda is trying to screen out the unintelligable for us “great unwashed”