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Default judgment granted for $197,199.24 against accountants who misappropriated tax remittance funds.
The plaintiffs brought a motion for default judgment against the defendants for fraudulent misrepresentation and conversion.
The defendants, retained to manage the plaintiffs' tax filings and remittances, misappropriated funds intended for the Canada Revenue Agency.
The court found liability based on deemed admissions and awarded $197,199.24 in general and special damages.
The claim for punitive damages was denied as there was no independent actionable wrong.
