Possibly the biggest tax scam ever in Quebec

The Quebec revenue department is seeking jail time and fines of up to $750 million in a tax scam, that may turn out to be the largest ever uncovered in Quebec.

Revenue Quebec has filed nearly 2,000 charges against a dozen Montreal jewellers and gold dealers, their administrators, and a company accountant in connection with the scam.

They're accused of applying for $350 million worth of sales tax refunds to which they weren't entitled.

Montreal-based Kitco Metals Inc., and its president, Bart Kitner, face close to a quarter-billion dollars in fines.

The revenue department uncovered a similar scam back in June. The fines in that case could reach $200 million.

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