We have been asked to enter into an investment with these people for the purpose of saving tax money and wondered what your take might be on it. We have heard good things and our financial advisor is doing his due diligence on it as I write this. www.synergywestcoast.com for tax savings and www.borealisglobal.com for investing and receiving 12-18% paid quarterly on the investment locked in for 2 years. It was good visiting with you last week and bringing our taxes up to date. We have both sent in our paperwork for CPP and OAP respectively! _________________________________________________________________________________________________ david ingram replies: Don't touch it with a ten foot pole or a 12 foot Ukrainian. It is a Ponzi or "Prime Lettrer " Scheme. -- Shane Smith, the president of Borealis International was "indicted" along with a lot of others on Dec 7, 2006 for illegally selling unregistered securities.in Ontario. He is forbidden to deal with any securities or investments until June 14, 2007 under a temporary order (section 127(7) of the Ontario Securities Act) which will undoubtedly be made permanent. Shane is also required to put the cease trading order on his website which he has not done. I am forwarding a copy of the following http://www.borealisglobal.com/BorealisGRIC.pdf - to the Ontario Securities Commission. It is why Synergy is asking people to sign a non-disclosure document. If you have a financial advisor seriously looking at this, you need another advisor. In my opinion, he or she is either dishonest, naive or just plain stupid and not someone you should be dealiong with. Although it took a bit f looking, it was relatively easy to find. Your advisor should have done their due dil;igence BEFORE presenting it to you. All together Shane Smith and his cohorts have sold $23,000,000 of this junk since 2001. It is all offshore, unregulated and untraceable and uncollectible. You can find out more about the "type" of deal it is by reading a 1998 explanation on my website at http://www.centa.com/articles/a_scam_that_keeps_on_rolling.htm I spent aboput 90 minutes on this and am charging you for one hour. You can find out a whole lot about the Shane Smith stuff - Remember he is the president of Borealis - at http://search.osc.gov.on.ca/en/query.html?col=osc&charset=iso-8859-1&qt=%22shane+smith%22&oldqt=%22shane+smitjh%22 david ____________________________________________________ international non-resident cross border income tax help assistance expert preparation & immigration consultant david ingram, experts on rentalsmutual funds RRSP RESP IRA 401(K) & divorce preparer preparers consultDavid Ingram's US / Canada ServicesUS / Canada / Mexico tax, Immigration and working Visa SpecialistsUS / Canada Real Estate SpecialistsMy Home office is at:4466 Prospect RoadNorth Vancouver, BC, CANADA, V7N 3L7Cell (604) 657-8451 -(604) 980-0321 Fax (604) 980-0325Calls welcomed from 10 AM to 10 PM 7 days a week Vancouver (LA) time -(please do not fax or phone outside of those hours as this is a home office)email to taxman at centa.comwww.centa.com www.david-ingram.comDisclaimer: This question has been answered without detailed information orconsultation and is to be regarded only as general comment. Nothing inthis message is or should be construed as advice in any particularcircumstances. No contract exists between the reader and the author and anyand all non-contractual duties are expressly denied. All readers shouldobtain formal advice from a competent and appropriately qualified legalpractitioner or tax specialist for expert help, assistance, preparation, orconsu
