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Steroid lab made at least $200000, paper trail shows
[SIZE=-1]TheChronicleHerald.ca, Canada[/SIZE]
[SIZE=-1]Kevin Tanner spent at least $200,000 more than he made in the three years before he was arrested for running an underground Internet steroid lab, a forensic accountant testified Wednesday.
The prosecutor believes thats how much money Mr. Tanner made off his company, Illusion Laboratories, in a snapshot of time, though Josh Bryson said it could be a lot more. Thats because the figure was the result of money that could be tracked. If there was no paper trail if Mr. Tanner received cash for orders then spent the cash the money would go undetected and not be included in a forensic accountants report.
Laurie Shea is the Atlantic regional manager for Public Works and Government Services Canada. She testified at Mr. Tanners sentencing hearing in Bridgewater provincial court Wednesday that the RCMP asked her to create a financial profile of Mr. Tanners income and spending from Jan.1, 2004, until Jan.22, 2007.
To do that, she used his CIBC bank account, his Visa and investment accounts, income tax information, financial records found in his Elm Street home and the paper work for his mortgage and the car he bought.
Mr. Tanner worked for Bucks Home Hardware, making just over $74,000 during that three-year period. Ms. Shea testified he also received a $75,000 inheritance, money from his parents, a mortgage from the bank and money deposited into his account by Shawna MacLaughlin.
She found he spent $417,000 during that same period. That included paying down $60,000 on his house and buying a Sea-Doo for $10,000, money Ms. Shea said can be accounted for by the inheritance.
But he also bought a 2005 Pontiac Pursuit for $16,725 cash and opened an investment account with Scotia McLeod with a $15,000 cheque from his bank account. He sold off that account days after his arrest.
Mr. Tanner made bi-weekly mortgage payments but then made a lump sum payment of $25,000 in June, 2006, and paid it off with a $15,000 payment two months later.
She said he spent about $13,000 at Bucks Home Hardware for furniture and repairing his chimney and flooring, $11,691 of that in cash and the rest paid with his debit card and Western Union money orders.
She was able to track $50,000 that Mr. Tanner sent out through Western Union to such places as China, Thailand, Israel and Pennsylvania. Police also seized $20,630 in Canadian cash and $8,460 in U.S. cash from Mr. Tanners house when he was arrested Jan. 22, 2007.
All in all, Ms. Shea uncovered $226,000 in explained funding, which leaves $191,000 in purchases made with money that cannot be accounted for. In addition, two days after his arrest, a postal inspector found $15,605 in cash that had been seized in transit to Mr. Tanner, bringing the total to just over $206,000.
Defence lawyer Alan Ferrier said Revenue Canada is reassessing Mr. Tanners income, treating his company as if it was a legitimate business for taxation purposes. He questioned how one arm of government can demand Mr. Tanner pay more taxes when another arm of government has seized his assets and is requesting they be forfeited.
Mr. Tanner is going to take the stand and testify, so the sentencing hearing was adjourned until Jan. 30.
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[SIZE=-1]TheChronicleHerald.ca, Canada[/SIZE]
[SIZE=-1]Kevin Tanner spent at least $200,000 more than he made in the three years before he was arrested for running an underground Internet steroid lab, a forensic accountant testified Wednesday.
The prosecutor believes thats how much money Mr. Tanner made off his company, Illusion Laboratories, in a snapshot of time, though Josh Bryson said it could be a lot more. Thats because the figure was the result of money that could be tracked. If there was no paper trail if Mr. Tanner received cash for orders then spent the cash the money would go undetected and not be included in a forensic accountants report.
Laurie Shea is the Atlantic regional manager for Public Works and Government Services Canada. She testified at Mr. Tanners sentencing hearing in Bridgewater provincial court Wednesday that the RCMP asked her to create a financial profile of Mr. Tanners income and spending from Jan.1, 2004, until Jan.22, 2007.
To do that, she used his CIBC bank account, his Visa and investment accounts, income tax information, financial records found in his Elm Street home and the paper work for his mortgage and the car he bought.
Mr. Tanner worked for Bucks Home Hardware, making just over $74,000 during that three-year period. Ms. Shea testified he also received a $75,000 inheritance, money from his parents, a mortgage from the bank and money deposited into his account by Shawna MacLaughlin.
She found he spent $417,000 during that same period. That included paying down $60,000 on his house and buying a Sea-Doo for $10,000, money Ms. Shea said can be accounted for by the inheritance.
But he also bought a 2005 Pontiac Pursuit for $16,725 cash and opened an investment account with Scotia McLeod with a $15,000 cheque from his bank account. He sold off that account days after his arrest.
Mr. Tanner made bi-weekly mortgage payments but then made a lump sum payment of $25,000 in June, 2006, and paid it off with a $15,000 payment two months later.
She said he spent about $13,000 at Bucks Home Hardware for furniture and repairing his chimney and flooring, $11,691 of that in cash and the rest paid with his debit card and Western Union money orders.
She was able to track $50,000 that Mr. Tanner sent out through Western Union to such places as China, Thailand, Israel and Pennsylvania. Police also seized $20,630 in Canadian cash and $8,460 in U.S. cash from Mr. Tanners house when he was arrested Jan. 22, 2007.
All in all, Ms. Shea uncovered $226,000 in explained funding, which leaves $191,000 in purchases made with money that cannot be accounted for. In addition, two days after his arrest, a postal inspector found $15,605 in cash that had been seized in transit to Mr. Tanner, bringing the total to just over $206,000.
Defence lawyer Alan Ferrier said Revenue Canada is reassessing Mr. Tanners income, treating his company as if it was a legitimate business for taxation purposes. He questioned how one arm of government can demand Mr. Tanner pay more taxes when another arm of government has seized his assets and is requesting they be forfeited.
Mr. Tanner is going to take the stand and testify, so the sentencing hearing was adjourned until Jan. 30.
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