The B.C. Supreme Court has fined a Richmond company $100,000 for fraud.
InfoSpec Systems Inc. which sells software to restaurants and retail outlets was found guilty of fraud over $5,000 in June.
The corporation sold software, known as the zapper.
It allowed InfoSpec customers to delete cash sales, therefore suppressing income and evading federal and provincial taxes.
The court concluded InfoSpec president Pius Chan intended to defraud the public by providing or distributing a zapper program that allowed customers to suppress income and thereby evade tax.
Chan is a well-known Richmond businessman who served as a director on the Richmond Chamber of Commerce in 2005.
InfoSpec also has offices in Calgary, Edmonton, Toronto and Beijing.
In December 2010, two men were convicted for using the zapper. Former InfoSpec salesman David Au was sentenced to two years and six months in jail for fraud over $5,000 in relation to the sale of the software.
Vancouver restaurateur Woei Kwong Teo was given a conditional sentence of 20 months house arrest and was fined $142,934 for tax evasion.
