Stephen LeDrew Targeted by Taxman for JC? UNSCAM & Canada's Louise Frechette

Targeted by taxman, top Liberal says James Daw, Mar. 12, 05, Business Columnist.

James Daw, CFP, appears Tuesday, Thursday and Saturday.

Stephen LeDrew has seen both highs and lows. He was a high flyer, big in Liberal circles, with a house in Rosedale and a kid in a private school. Now the former Liberal Party of Canada president is in the midst of bankruptcy proceedings, pointing out the advanced age of the suits and overcoat he wears.

He claims he has been unfairly targeted by the taxman and has speculated in private that there may be political undertones. Yet the Toronto lawyer and commentator started to fall behind in his taxes once he hit the political fast lane.

[. . . . ] By last September, his tab with the taxman was potentially more than $400,000, depending on the outcome of an appeal over a film tax shelter he expected would save him $123,000 in taxes in 1996 and 1997.

But Canada Revenue Agency lost patience. [. . . . ]

As time passes and we learn more, does JC grow in stature? His legacy!




UNSCAM -- Louise Frechette's "decision to intervene"

Volcker Panel to Correct Frechette Omission FOXNews, March 10, 2005

NEW YORK — The committee probing the Oil-for-Food (search) scandal says it will correct omitting the name of a U.N. official involved in the international controversy who has a close relationship with the executive director of the panel.

It's well known that the Volcker commission's executive director, Reid Morden (search), and Louise Frechette (search) have had a "longstanding professional relationship" for 30 years, according to the Independent Inquiry Committee — dubbed the "Volcker commission" after its chief, former Federal Reserve Chairman Paul Volcker (search).

[. . . . ] Frechette, 58, came to the United Nations following a long career as a Canadian civil servant. The first deputy secretary-general in U.N. history, she has served since 1998 as Annan's chief administrator. She also chairs the steering committee on U.N. Reform and Management Policy.

Annan's office has argued that the Security Council — and not the Secretariat — supervised the more than $110 billion Oil-for-Food program. But Frechette's decision to intervene also may place responsibility in the secretary-general’s office for obscuring mismanagement of the program from the Security Council. [. . . . ]