Ronald Rutman

Ronald Rutman Alleged Frauds

This website was created to expose frauds allegedly committed by a professional Toronto, ON based Chartered Accountant - Ronald Rutman. Below you will find evidence of frauds via documents obtained by us exposing Ronald Rutman's alleged unethical and untruthful behavior. He is shown to defraud the Government of Canada, foreign governments, and individuals by providing faulty advice in order to maximize his own gain. The purpose of this website is to educate and warn the public, as well as prospective and existing clients about allegedly questionable behavior by Ronald Rutman.

Some Background Information on Ronald Rutman

Ronald Rutman - Work

According to website: zeifmans.ca belonging to a Toronto based accounting firm where Ronald Rutman is a partner, Ronald joined the firm in 1927 and became a partner in 1978. Ronald Rutman works with both private and public companies, specializing in real estate, private equity portfolios and distribution.

Ronald Rutman - Education

Ronald Rutman has a B.Comm., from University of Toronto, and holds the following designations: CPA, CA & TEP

Ronald Rutman Fraud Cases

Below, we present to you 6 cases, where Ronald Rutman had allegedly committed fraudulent activities.

Ronald Rutman Alleged Frauds - Conclusion

Ronald Ruman was found guilty by the Institute of Chartered Accountants of Ontario (ICAO) of breach of rules, but concluded he was capable of rehabilitation. Here's the exact text of the ruling:

The Commitee concluded that the member, despite being in apparent breach of the Rules, was capable of rehabilitation and a motion was made, seconded, and carried to close the file with the following guidance:

The Committee draws your attention to Rule 201.1, which requires a member to act at all times in a manner which will maintain the good reputation of the profession and its ability to serve the public interest, and Rule 202.1 which requires a member to perform professional services with integrity and due care. The Committee wishes you to be aware that as a chartered accountant, you must ensure that you comply with tax rules and laws that apply to you whether in your partnership as a chartered accountant or in your business interests or personally. It is imperative that you exercise due diligence in understanding the tax consequences to tax plans that you enter into. With respect to complicated tax structuring arrangements, such as the one involving Score King, it is incumbent upon you to obtain an independent opinion as to whether this arrangement and trust structure is in accordance with Canadian tax law. Similarly, with respect to any other trust(s) that you are involved in, you must exercise the due diligence required to ensure that all are compliant with tax rules and law.

In addition, when you provide advice to clients, you must ensure that you have the background knowledge necessary to provide the appropriate advice in the circumstances. Moreover, when providing tax advice to clients, such advice should be based on advice you had sought from tax specialists. Based on what you have told the Committee, this does not appear to have been the case.

Based on the ruling by ICAO Committee, it is evident that Ronald Rutman allegedly entered into tax fraud schemes, and claimed ignorance of the rules when interviewed by ICAO.