Super yacht called Touch

Ross · Dec 7, 2010

A very good example of personal greed.

Ray Bowles · Dec 7, 2010

It's amazing that someone with the money for these high end items get caught by scrimping on something so easily checked by basic accounting. The savings are probably less than 1/10th of the legal costs when done.
I have to say that I love it.
Ray

RichH · Dec 7, 2010

In any so-called 'progressive' society it always those who have the most personal success that are the ones severely scrutinized under a powerful microscope for misdeeds. When did it happen in our history that having the brains, work-ethic and luck to be financially successful is now always 'usually' considered to be a prime suspect of some yet undiscovered crime?

"Still has been proven yet" usually means that 'THEY' - the class warfare-iers - will continue until they find some inane or archaic statute that is applicable, because they apparently have no current concrete evidence .... but will continue in their efforts to find or 'make up' something. Just imagine the costs of that the 'class warfare-iers' impose on society - usually far in excess of whats norm found in sloppy/erroneous accounting.

Envy is right next to the stature of Greed.

Nice boat, too bad that person lives in a increasingly socialistic age.

Ross · Dec 7, 2010

One hundred years ago we had an economy dominated by financial and industrial barons. They had no regard for the needs and welfare of the people who produced the wealth that was closely held by a few.
I maintain that if you find great wealth and look closely enough you will often find a great crime. There are exceptions and they are noted for their philanthropy and fair wage policies. I know many wealthy and a few rich people and they are generous and honest.

Rick Webb · Dec 8, 2010

Greedy Bastards

Guess building a business and writing paychecks makes you an evil person

kloudie1 · Dec 8, 2010

Building a business on illegal accounting, racketeering, and theft from the general populace makes one an evil person.. I pay my legitimate taxes and I want others to do the same.

Scott B · Dec 8, 2010

RichH said:
In any so-called 'progressive' society it always those who have the most personal success that are the ones severely scrutinized under a powerful microscope for misdeeds. When did it happen in our history that having the brains, work-ethic and luck to be financially successful is now always 'usually' considered to be a prime suspect of some yet undiscovered crime?

"Still has been proven yet" usually means that 'THEY' - the class warfare-iers - will continue until they find some inane or archaic statute that is applicable, because they apparently have no current concrete evidence .... but will continue in their efforts to find or 'make up' something. Just imagine the costs of that the 'class warfare-iers' impose on society - usually far in excess of whats norm found in sloppy/erroneous accounting.

Envy is right next to the stature of Greed.

Nice boat, too bad that person lives in a increasingly socialistic age.

Not quite sure what's not proven yet. Certainly doesn't appear to be the erroneous accounting.

From the article above

two of Mr. Accurso’s companies, Simard-Beaudry Construction Inc. and Louisbourg Construction Ltd., pleaded guilty on Tuesday to $4-million in tax evasion. An agreed statement of fact presented at the courthouse in Laval showed that as part of their scheme, the two companies submitted $19-million in non-deductible expenses. Of that amount, $1.7-million was spent on the construction of Mr. Accurso’s yacht, called Touch.

Rick D · Dec 8, 2010

Well, having had some experience with elected prosecutors grandstanding for public consumption, I have witnessed what happens when businesses come to a halt while under multiple discovery orders and teams of freshly-minted lawyers run around like termites. It isn't a wonder settlements are very common, especially in tax and environmental cases. The cost and disruption to the business is huge. Same as to individuals, even more so. I have watched people broken for headlines and then the prosecution abandoned since it had no merit to begin with. Don't assume money can buy you innocence in a court room; there is always a risk, especially if you are high profile and/or wealthy. Further, tax management is subject to a lot of interpretation and certainly individuals or firms with a lot of assets at stake are going to hire the best tax managers who will test the limits of the code. So, you'll have to pardon me if I don't take everything I read at face value in these matters.

Ray Bowles · Dec 9, 2010

Rich H. and Rick D. This seems to be a subject that should be discussed at different location after you both go back and read the original post and attachments.
Then maybe better listening skills will be used and less offense taken.
Ray