Luxury cars, motorbikes, and go-carts seized during a $105 million tax fraud investigation are set to go under the hammer. or signup to continue reading The items in the auction include a 2016 Roaring Forties GT40 Replica, a red Ford Mustang GT, three Porsches, four go-carts and nine motorcycles. The items were seized after joint AFP and the Australian Taxation Office Operation Elbrus uncovered a "Ben Hur" of tax fraud where a group of people used payroll services companies to divert tax owed to the ATO between 2014 and 2017.
The scheme targeted legitimate clients who were unaware their money was being transferred to second-tier companies. A total of 15 people have been jailed over their roles in the fraud scheme, including Adam Cranston and co-conspirator Dev Menon who received 15 years' imprisonment in August 2023 for their roles as key facilitators. The Criminal Assets Confiscation Taskforce confiscated $15.
8 million from a principal conspirator of the scam including five properties, three vehicles and smaller luxury items such as watches. Proceeds from the sale of seized assets are redistributed to support crime prevention, law enforcement and other community initiatives. The auction is taking place online and can be viewed at Ayden is the morning news editor for ACM's national digital team.
Do you have a story that should be told? Email him at [email protected].
au Ayden is the morning news editor for ACM's national digital team. Do you have a story tha.
