The Canada Revenue Agency (CRA) has paid out $37 million to Gold Line Telemanagement, a Toronto-based company now accused of telecom scams, according to court documents. The affidavit, recently unsealed, suggests that Gold Line was involved in deceitful transactions and claimed substantial tax refunds under false pretenses. Despite allegations of sham transactions related to the sale of international phone call minutes, Gold Line maintains its innocence, stating it operates a legitimate long-distance telecom business. This controversy highlights ongoing issues with "missing trader fraud," where fictitious business activities are used to extract fraudulent tax refunds, costing the CRA $100 million in recent fraudulent payments.
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