The Globe and Mail reports that the Canada Revenue Agency is going after Barrie for allegedly not paying taxes on the money he allegedly stole.
Ex-Lightning co-owner subject to probe
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Len Barrie is still listed in the Tampa Bay Lightning’s media guide as a co-owner of the NHL team, but those close to the team say he is out of the picture.
His financial problems with the Bear Mountain golf resort and housing development near Victoria were severe enough to scuttle his attempt to buy out fellow owner Oren Koules in late summer. Now it appears as if the problems will worsen.
In the wake of a damning report by the company’s former auditor that accused management at Bear Mountain of misappropriating funds, a source said Canada Revenue Agency is looking into the development’s finances.
Barrie, who was accused in the report and by a member of the development’s executive committee of improperly financing at least part of his share of the Lightning with Bear Mountain funds, did not respond to a request for comment.