Crime family connection (continued)
Additional shares “were owned by Rizzuto associates and their familes,” says the newspaper.
The company has since been sold and operates under a different name.
The information came to light in documents filed with the Tax Court of Canada.
Ten of OMG’s former owners, including the Rizzutos, are appealing a decision by the Canada Revenue Agency to disallow their tax deductions from the sale of OMG.
The Rizzutos were among OMG’s silent investors.
Almost a decade ago, when some of these deals with cities were being made, OMG denied any links to the crime family, including going so far as issuing a press release.
According to the Post, court records show that each Rizzuto family member claimed almost $419,000 from the sale of the family’s 10,500 OMG shares.
The tax case is not about illegality.
It is about whether the government properly disallowed deductions on the family’s 2003 and 2004 income tax returns.