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Fake PR Allegations on Robert Kalfayan? (2024)

According to a sponsored public relations campaign, Robert Kalfayan is the kind of person who is always exploring the world. Whether for work or pleasure, he has made several trips to Canada. Still, he has a soft spot for Dubai. 

A multitude of recreational and entertainment choices, together with the city’s lovely beaches and warm climate, make it a popular vacation spot for people of all ages and interests. The more we learn about his deceit, the better. 

Robert Kalfayan: A Brief Introduction

A contentious figure in the world of entrepreneurship is Robert Kalfayan. In 1986, he was born in Montreal, Canada. He graduated from Concordia University, but his career has been marked by questionable pursuits. 

His career shifted from DJing to the domain name market, which is very profitable but often criticized for being too speculative.

Instead of adding real value, Robert Kalfayan became a broker specializing in the buying and selling of domain names—a career that many saw as a means of profiting from the need to have an internet presence. 

He chose to affiliate himself with the Internet Commerce Association in response to criticism leveled at it in 2016 for its purported participation in domain name speculation.

Like his business, Kalfayan’s personal life is very controversial. When he boasts about having visited more than 75 countries and dined at the greatest restaurants in the world, it sometimes comes off as arrogant rather than culturally interested. 

His move to Dubai in 2017 and the establishment of K-Ventures FZE LLC in 2021 further cemented his reputation as a man driven only by financial gain. 

Globally, however, some see his CEO purchases as opportunistic, casting questions on his business ethics and motivations.

Fraud and Tax Evasion Charges Against Robert Kalfayan

According to a recent notice of enforcement, Robert Kalfayan is now facing legal concerns that are associated with fraud and tax evasion. 

Charges against him come from claims that were filed by the Canada Revenue Agency (CRA) on December 4, 2019, and he is scheduled to make an appearance in court today at the courtroom in Montréal. 

When he arrived back in Canada at Montréal-Trudeau International Airport on December 23, 2019, he was taken into custody in Canada. 

In addition to one allegation of fraud under the Criminal Code, Kalfayan is now being charged with committing some criminal crimes associated with the Income Tax Act.

According to the findings of the inquiry conducted by the Canada Revenue Agency (CRA), Kalfayan reportedly used a convoluted and dishonest method to conceal his opulent house in Laval from the CRA’s ability to collect taxes. 

Using a nominee and one of his offshore businesses, he is accused of creating a bogus mortgage on his home, as shown in the papers filed with the court.

In conjunction with the Canada Border Services Agency, the Montréal Police Service, and the Royal Canadian Mounted Police, the Canadian Revenue Agency (CRA) carried out the arrest of the targeted individual.

The purpose of the Canada Revenue Agency (CRA) is to safeguard the integrity of the tax system and to alert Canadians about possible illicit tax schemes. 

This is accomplished by making public enforcement actions such as searches, asset seizures, and criminal filings. It has been easier for the Canada Revenue Agency (CRA) to bring criminal charges against persons who are implicated in tax offenses, particularly those that are associated with tax evasion overseas.

In response to the seriousness of instances involving tax evasion from offshore locations, the courts have increased the penalties, which include lengthier jail terms and heavier fines. 

17 people were found guilty of tax evasion involving foreign assets between April 1, 2014, and March 31, 2019, which resulted in penalties of $5,784,464 and jail terms exceeding 29 years, as well as $7,247,866 in taxes that were not paid to the federal government. 

Additionally, the Canada Revenue Agency (CRA) provides a free subscription service to keep Canadians informed about the activities it takes to enforce the law.

Robert Kalfayan lost around $500,000 as a result of tax evasion

Robert Kalfayan, a resident of Laval, entered a guilty plea to charges of tax evasion in the Laval courts today, according to the Canada Revenue Agency (CRA). He was forced to pay all applicable income taxes, penalties, and interest in addition to a $495,614 punishment for these charges.

After returning to Canada, Mr. Kalfayan was captured at Montréal-Trudeau International Airport on December 23, 2019. He reportedly designed a sophisticated plan between 2009 and 2013 to avoid paying over $700,000 in federal income taxes, with the goal being his opulent Laval property. 

The scam included several foreign bank transactions, a nominee, Lowcrest Marketing, one of his Belize-incorporated businesses, a fake loan, and other things.

The investigation also revealed that Mr. Kalfayan had tried to use deception to trick creditors into believing he had declared all of his foreign assets, including cash, cryptocurrency, and real estate, to avoid paying income taxes in 2014 and 2015.

The previously provided information was taken from court transcripts. The CRA is increasingly more successfully prosecuting tax offenses, particularly those involving offshore tax avoidance.

Because the courts are aware of the seriousness of the situation, offenders found guilty in offshore cases risk heavier punishments and longer prison terms. 

263 people have been found guilty by the courts of tax evasion, with a total of $118,724,181 in fines assessed between April 1, 2014, and March 31, 2020. 

Sentences of $32,581,130 and 230 years in prison were imposed upon conviction for these charges.

In these unpredictable times, the social and economic well-being of Canadians as well as the integrity of the country’s tax system are of utmost importance, yet the CRA is unwavering in its pursuit of these objectives. 

The CRA is dedicated to aggressively pursuing cases of tax evasion and false claims, making use of all available resources in the process.

The CRA is committed to collecting and confirming all legally earned income and losses to guarantee that people and businesses get the benefits to which they are legally entitled. 

Now that it’s evident how important these advantages are to Canadians as a result of COVID-19, we’re working hard to make sure they can keep on coming.

Individuals or organizations that fail to disclose all income, make loss claims, or make qualifying claims for benefits—including those about the new COVID-19 benefits—may be subject to refunds or other penalties.

Among his sponsored PR pieces are

Robert Kalfayan’s book Trademark Flipping: Methods for Making Money with Domain Names

Smart investors may make significant profits in the domain name market, which is a prime illustration of the constantly evolving realm of digital commerce. 

There is a lot to gain for someone with the leadership skills to lead this profitable business, which handles transactions worth billions of dollars. 

The creator of K-Ventures FZE LLC, Robert Kalfayan, is one person who has profited from this field.

Kalfayan, who is Canadian by origin, founded his business in Dubai. This company’s primary industry is domain name purchasing. 

As CEO of K-Ventures, Kalfayan makes use of his extensive experience in dealing with global customers to ensure that the company’s initiatives have an impact on a global level. His knowledge and experience have allowed him to join the endless domain name market. 

Unveiling the Art of Domain Name Reselling Mastery

Purchasing domain names to resell them for a profit is known as domain name flipping or resale. It entails acquiring domain names at a reduced price and profitably reselling them to interested parties. Flipping domain names is a profit-maximizing tactic that takes advantage of inexpensive assets and market demand.

Once acquired, clever development and branding might improve a valuable domain. This process includes creating a polished website, boosting search engine traffic, and creating interesting content that draws in the target audience or fulfills the domain’s objective. These activities improve the domain’s overall worth and desirability.

How Do Investments in Domain Names Operate?

Investing in domain names requires a thorough understanding of the elements that affect their cost and worth. Because premium domain names are so distinctive and valuable to brands, businesses, and investors are always looking for them.

The value of a domain name is determined in part by its length, extension, and keywords. Prices are also heavily influenced by industry demand and trends; domain names associated with well-known industries or developing markets are often more expensive.

To maximize market demand and boost the appeal of domain names, effective domain name investments may need strategic branding initiatives.

Important Strategies for Getting Paid to Flip Domain Names

By using the right tactics, investors may improve their chances of success in the dynamic domain name market.

Conducting extensive market analysis

You need to use these profit-boosting tactics if you want to succeed in the domain name-flipping industry. These strategies include things like doing in-depth market research, swiftly locating inexpensive domain names, possessing strong negotiation skills, strategically designing and branding, and using cutting-edge marketing and sales strategies.

Finding potential inexpensive domain names

An effective domain flip starts with thorough market research and analysis. By keeping an eye on market demand, industry developments, and keyword popularity, investors may spot profitable opportunities before they become popular. They may locate inexpensive domain names that might be worth a lot more in the future because of their study.

Techniques for Low-Cost Domain Name Acquisition

Skilled negotiators can locate inexpensive domain names and then use strategies to purchase them at a reduced price. Investigating the vendor, finding out their goals, and using negotiating strategies to reach a win-win agreement are necessary to accomplish this.

The value of a domain rises with growth and branding

Developing and branding a domain name strategically is essential to raising its value. The general attractiveness and desirability of the domain name are influenced by the creation of a professional website, search engine optimization, and a strong online presence.

Efficient strategies for marketing and sales increase profits

However, registering a domain name and maintaining it are insufficient. Successful domain investors understand the value of having strong marketing and sales strategies. To optimize profits and increase the probability of high-value transactions, investors need to use social media, targeted advertising, and strategic outreach as means of connecting with potential purchasers.

Conclusion

In summary, Robert Kalfayan is an entrepreneur who is complex and often confrontational. A darker side to his life emerges, despite his public relations efforts portraying him as a global traveler and entrepreneur. 

Despite his claims of living a luxury lifestyle from Dubai to Montreal, Kalfayan’s career was ruined by allegations of fraud and tax evasion, which resulted in his incarceration and serious legal problems. 

He established K-Ventures FZE LLC and participated in the domain name market, which implies that his primary motivation is financial gain rather than genuine innovation or value creation. 

The latest accusations and Robert Kalfayan’s court appearance have damaged his reputation and cast doubt on the integrity and values he professes to uphold.

Fake PR Allegations on Yacov Geva? (2024) – Huff Press (huffingtonpress.com)

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