Chief Liberal Party fundraiser tied to $8M loan to offshore trust in Cayman Islands

Newly discovered documents from the Paradise Papers show the Liberal Party’s top fundraiser, Stephen Bronfman, was directly linked to companies that were owed millions by an offshore Cayman Islands trust well into the 2000s — despite his strong denials he had any involvement in the trust after 1998.

The documents show how a Delaware-based company closely connected to the Montreal-based financier was owed $8 million from the Kolber Trust, set up for former Liberal Sen. Leo Kolber and his family in the no-tax Cayman Islands.

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  • CodexCoder

    Let’s remember the history of the Bronfman family: they are the owners of the Seagram’s empire that initially made its money by selling booze during Prohibition in the United States (legal to export, not legal to import and sell).

    http://www.thecanadianencyclopedia.ca/en/article/seagram-company-limited/

    So the family has a history of sketchy dealings, living on the edge of the law. Why would this behavior come as a surprise?

  • ontario john

    I’m sure Super Socks, Bronfman, and that muslim con man, will have a good laugh over it, while sun bathing on that private island this Winter. Besides, everyone loves little Justin. The muslim immigrants were mobbing him at that Toronto mall yesterday.

  • mauser 98
  • simus1

    Canadian prohibition was quite a challenge for Liberal rulers. Pro booze Quebecers were no problem but English speaking anti booze Protestant sourpusses were a big “management quagmire”. It was solved in the usual Liberal way with “exceptions”.
    One thing little mentioned today is that prohibition also had an intensely anti federal government support component both in Canada and the US because booze taxes and customs duties formed such a large part of fed revenue back then.

  • David Murrell

    Good research by CBC News — who have the only resources to slave though the huge horde of documents that comprise the Paradise Papers. Note that CBC News is left-wing, as are the other media which comprise the corsortium with direct access to the Paradise Papers.

    I don’t mind that. The lefties don’t like the international bigwigs dodging taxes. Some conservatives defend these fat-cats. But the alt-right and the new-right do not, and neither do I. I have nothing in common with these jet-setters. Interestingly the CBC decided to attack Trudeau and his cronies. Can’t explain that.

    • Linda1000

      Taxpayers should get some return on their 1.2 billion plus given to the CBC yearly.

      • David Murrell

        They don’t. On a percentage return basis, taxpayers get about -15% on money paid to the corrupt CBC.

  • BillyHW

    With Libranos, it’s always do as they say and not as they do.

    They got theirs and now they dedicate their lives to selling you out.

    But they keep getting elected because women vote with their vaginas, and they always will.

    • David Murrell

      Profound, deep thinking there, troll-BillyHW. Keep up the good writing.

  • Where is Justin hiding his money?