Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Luxury vehicles, race cars and high-end motorcycles confiscated from the instigators of the Plutus Payroll tax scandal will be auctioned online as the government seeks to claw back some of the $105 million lost to the fraud. The auction of 30 cars, bikes, trucks and go-carts will be the first of several as the Australian Financial Security Authority – which manages confiscated proceeds of crime – offloads the Plutus spoils.
Thirty vehicles confiscated from the instigators of the Plutus Payroll tax scandal will be auctioned online. Among the vehicles being sold to the highest bidder are a Porsche Cayenne GTS, which has a retail value of about $300,000, a Porsche 911 GT3, two Wolf GB08 Tornado racing cars, and a replica Ford GT40 coupe; the vehicle once again made famous by the Hollywood blockbuster Ford v Ferrari . Four go-karts, two Ducati motorcycles – one with just 79 kilometres on the clock – and a Glastron GT180 power boat will also go under the hammer.
The GT40 and other assets in the auction appear to have been purchased by one of the fraud’s architects, Adam Cranston , who also bought a Cirrus SR22 single-engine aircraft and a truck to transport the race car. Mr Cranston in August last year was sentenced to 15 years jail for his role in the fraud. Copy link Copied Copy link Copied Subscribe to gift th.
