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General Discussion >> General Board >> ouch! this would hurt Taxmans son in Tax fraud. http://www.ozpolitic.com/forum/YaBB.pl?num=1495060613 Message started by cods on May 18th, 2017 at 8:36am |
Title: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 18th, 2017 at 8:36am
[urlhttp://www.dailytelegraph.com.au/news/nsw/tax-tsars-son-charged-over-alleged-scam-that-netted-100-million/news-story/1b4718556b3f704566b498c78eb09d0b][/url]
THE high-flying son of an Australian Australian Taxation Office boss was yesterday arrested over his alleged role in a fraud syndicate that police claim stole more than $165 million — one of the biggest white-collar crimes in Australia’s history. The Daily Telegraph can reveal Australian Federal Police yesterday arrested Adam Cranston at his Bondi flat in one of 27 raids on homes and businesses across Sydney. Adam Cranston, son of ATO boss Michael Cranston, is arrested at his Bondi flat yesterday over his role a $165 million fraud syndicate. Picture: Police Media Cranston was charged last night with conspiracy to defraud the commonwealth and is expected to face Central Local Court today. It’s understood eight others were arrested and facing possible charges. The 30-year-old Cranston is the son of ATO deputy commissioner Michael Cranston, but there is no suggestion Michael Cranston had any involvement in or knowledge of the criminal syndicate. Sources close to the investigation claim Adam was a “co-conspirator” in a group that used an elaborate tax scam to fund a celebrity lifestyle that included prime Sydney real estate, boats — and even a racing car team. “This investigation has uncovered high-level organised activity; it is complex (and) sophisticated,” the source last night told The Daily Telegraph. “I think it will take the police a long time to figure out exactly how much money (is involved).” It is believed police will allege the fraud is one of the largest ever seen in Australia. Investigators allege Sydney financial services firm SYNEP, of which Adam is co-chairman and managing director, was part of the operation. There is no suggestion ATO Deputy Commissioner Michael Cranston had any involvement in the alleged scam. Adam Cranston is escorted from the scene at Bondi yesterday. Picture: Police Media. Payroll contractor Plutus Payroll, controlled by SYNEP, was the centrepiece of the alleged hustle. Police will claim it would allegedly funnel wage payments through a series of “second tier” companies. who then paid the ATO only a fraction of the required income tax. The remaining withheld tax would then allegedly flow into the pockets of syndicate operators. The scammers believed they had struck a sweet spot where each individual fraud was too small to prompt action from the ATO. One source said it was “like saying to your schoolteacher, ‘I’ve done most of my homework, I’ll bring the rest next week’.” The net tightened when both the AFP and ATO noticed alleged discrepancies in parallel investigations. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 18th, 2017 at 2:25pm
MICHAEL Cranston, the deputy commissioner of the Australia Taxation office, has been charged with abusing his position as a public official.
It comes after The Daily Telegraph today revealed Cranston’s son, Adam, was charged over his alleged role in a fraud syndicate that police claim stole more than $165 million — one of the biggest white-collar crimes in Australia’s history. Australia Taxation Office deputy commissioner Michael Cranston (pictured today) has been issued a court attendance notice for abusing his position as a public official. Picture: Jenny Evans Australian Federal Police yesterday arrested Adam Cranston at his Bondi flat in one of 27 raids on homes and businesses across Sydney. He was charged last night with conspiracy to defraud the Commonwealth and faced Central Local Court today. Adam Cranston, Daniel Rostankovski and Chris Guillan were granted bail under strict conditions, including that they surrender passports and not contact the alleged directors of the so-called second-tier companies that enabled the alleged fraud. Mr Cranston was charged with conspiracy offences, with a total bail of $300,000, while his co-accused Rostankovski was also charged with blackmail, with a $100,000 bail. Their fellow accused Daniel Hausman will finalise his bail application after lunch and another accused, Jason Onley, is expected to appear in court later today. Adam’s younger sister Lauren Cranston was also arrested with the 24-year-old given the same charge as her brother when she was arrested in Picton, southwest of Sydney yesterday. She was granted conditional bail to face court on June 13. So far, six people have been charged with conspiracy to defraud the Commonwealth, two with money laundering and another with extortion. this isnt going to go away in a hurry. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Valkie on May 18th, 2017 at 7:56pm
Are ANY of our politicians or senior public servants honest??????????
No wonder the country is stuffed They all have their noses buried sooo deep, that they are evolving with breathing holes in their backs. HANG BOTH OF THEM |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by lee on May 18th, 2017 at 8:01pm
Public Servants are a microcosm of humanity. Hopefully with more honesty than the general population.
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Valkie on May 18th, 2017 at 8:09pm lee wrote on May 18th, 2017 at 8:01pm:
Have you ever dealt with a senior public servant? The general run of the mill pleb public servant is generally OK As long as he has not got a big head. But senior public servants, politicians and lobbyists are just grubberment paid criminals. A pox on them all. I sincerly hope there is a hell, and they all suffer for eternity. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by lee on May 18th, 2017 at 8:30pm Valkie wrote on May 18th, 2017 at 8:09pm:
Yes I used to work for them. ;) |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Francis on May 18th, 2017 at 11:19pm
Love how the pollies are saying the system works and we will catch you.
Does that mean they are going to allow the federal police powers to investigate politicians? Malcom ? Shorten? Suddenly they go quiet. If your a politician in this country you can rort ( and they do )billions and be fearless in that no police can eva touch you. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 19th, 2017 at 7:38am
Michael Cranston is the guy that went after Paul Hogan...
he said anyone cheating the tax dept was a criminal.. ouch! |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 19th, 2017 at 7:39am Francis wrote on May 18th, 2017 at 11:19pm:
what have politicians got to do with this francis????.. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 7:41am
not sure why everyone feels that dragging Michael Cranston into this has any relevance. As far as I'm aware his dad had nothing to do with it. The son is an adult and responsible for his own actions.
typical media sensationalism |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 19th, 2017 at 8:10am
he accessed private information at his sons request two other members of his office have also been stood down for the same thing without pay
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by The Mechanic on May 19th, 2017 at 12:03pm John Smith wrote on May 19th, 2017 at 7:41am:
WHERE in the **** did the father think all of this money was coming from considering they both worked for the same company wiht the father being at the helm??? ya ******* idiot... ::) |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 19th, 2017 at 12:46pm President Elect, The Mechanic wrote on May 19th, 2017 at 12:03pm:
thats what I asked... a car racing team REALLY!!! I didnt know the son worked at the ATO...job for the boys probably.. what about the daughter?????.. it doesnt get any closer to the top than this really does it.. this man went after other people and the BIGGEST WHITE COLLAR FRAUD EVER IN THIS COUNTRY is happening on his own doorstep.. did they all walk around with blinkers on.. ::) ::) nah! theres more to this for sure. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Unforgiven on May 19th, 2017 at 12:56pm
Anyone who works for the ATO has got to be psychotic and criminal to get recruited.
What sort of person enjoys oppressing and terrorising people other than psychotics that ATO hires. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Karnal on May 19th, 2017 at 1:02pm Unforgiven wrote on May 19th, 2017 at 12:56pm:
Rhino? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Unforgiven on May 19th, 2017 at 1:13pm Mattyfisk wrote on May 19th, 2017 at 1:02pm:
Rhino can spell assessment after years of school: |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by lee on May 19th, 2017 at 3:49pm
Just as well we have you. And your paint by numbers mentality. ;)
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 19th, 2017 at 3:52pm lee wrote on May 19th, 2017 at 3:49pm:
;D ;D |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 4:15pm President Elect, The Mechanic wrote on May 19th, 2017 at 12:03pm:
his work? He ran a company that did some bullsh1t job and made good money ... you think he gave his father enough specifics about every aspect of what the company did so that the father could make some informed decision? I know my father has no idea where my money comes from. He knows what industry I'm in, but he couldn't tell you exactly what I do. He knows I've never needed to borrow money off him and he knows my house has been paid off, but apart from that he has no idea of exactly how much money I make. As far as he is concerned as long as I'm happy and not in any trouble, it's irrelevant to him and he doesn't want to know. you still seeking daddys approval that you need to tell him all the details? :D :D |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 4:26pm
There is a serious difference between Daddy's approval and Daddy seeing all the bling in the life of his Son. My Son is very well paid....very, very well paid, as is his Wife......but they cannot fund a Racing Team, for example.
Daddy Cranston must have been at least curious. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Valkie on May 19th, 2017 at 5:40pm Aussie wrote on May 19th, 2017 at 4:26pm:
My money is on daddy being either involved or in charge, After all, who would know better how to rort the tax office? They should confiscate all property from boy and daddy. Clean out their bank accounts and sack them with no penson or super. Thats how proceeds of crime legislation is supposed to work aint it? But what will happen will be Daddy found falt free and in a few months will retire on his wonderful six figure pension. Boyo will do a plea deal and "maybe" serve a few months or years before appeal. Us, the public, will be fed bull shite and expected to wear it. Thats the GRUBBERMENT for ya |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 6:50pm Aussie wrote on May 19th, 2017 at 4:26pm:
if your son had a company and he told you he'd scored some multi million dollar contracts would you be suspicious of the bling? ? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 6:51pm Valkie wrote on May 19th, 2017 at 5:40pm:
if daddy is found be be involved, sure .... leave them skint. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 7:06pm John Smith wrote on May 19th, 2017 at 6:50pm:
Yes. He knows nothing about 'companys' and therefore would have told me about it before he even ventured into it. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 7:07pm
Why did Daddy not ask said Son why he wanted to know if the ATO was auditing 'ABC Bling?'
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Gnads on May 19th, 2017 at 7:20pm John Smith wrote on May 19th, 2017 at 4:15pm:
When you work for the same organisation & know that questions will be asked ... as they are .. then yes ... father should know ... aka father knows best. If father has no responsibility in the matter then why has he been charged? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Gnads on May 19th, 2017 at 7:21pm John Smith wrote on May 19th, 2017 at 6:50pm:
They were ATO contracts... so again yes. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by lee on May 19th, 2017 at 7:24pm Gnads wrote on May 19th, 2017 at 7:21pm:
Which part of the ATO? It is a BIG organisation. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 7:44pm
You blokes have 'confused' me. Did the Son work for the ATO?
I don't think that has been reported in the schmedia. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Alinta on May 19th, 2017 at 8:05pm
Son did not work for the ATO
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by lee on May 19th, 2017 at 8:24pm
None of the stories I have seen say there were ATO contracts either.
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Alinta on May 19th, 2017 at 8:33pm
ATO Audit Report/s on Adam Cranston........have no idea where contracts would come into the picture.
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 8:35pm Gnads wrote on May 19th, 2017 at 7:21pm:
were they? I must have missed that bit. Can you show where you got that? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 8:37pm Aussie wrote on May 19th, 2017 at 7:06pm:
And if your son knew about companies and told you he scored some multi million dollar contracts, would you still be suspicious? ::) this didn't just happen in one week you know. This has been going on for ages. Your son might not have a clue about companies but I think it's safe to assume this guy did, or else he wouldn't have got away with it for so long. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 8:39pm Aussie wrote on May 19th, 2017 at 7:07pm:
why would he? he might give him some advance warning of a pending audit if he knew it was happening (or when he knew), but why ask about an audit that's not happening? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 8:41pm Gnads wrote on May 19th, 2017 at 7:20pm:
I hadn't realised son worked for the ATO ... I haven't read up on this story since it broke. edit: turns out you made that up and son didn't work for ATO :P :P |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 8:50pm John Smith wrote on May 19th, 2017 at 8:39pm:
Why did Daddy allegedly answer? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 8:54pm Aussie wrote on May 19th, 2017 at 8:50pm:
answer what? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 8:57pm
Was 'ABC whatever Pty Ltd' being audited by the ATO.
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Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 9:00pm Aussie wrote on May 19th, 2017 at 8:57pm:
not as far as I'm aware, but like I said earlier, apart from reading about it when it the story first broke, I haven't kept up with the details. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 9:08pm
Interesting brief on who is involved in the scandal.
http://www.abc.net.au/news/2017-05-19/ato-fraud-tax-case-who-is-who-of-alleged-conspiracy/8541362 |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 9:15pm John Smith wrote on May 19th, 2017 at 9:00pm:
Well, the allegation seems to be that Daddy was asked by Son if there was an ATO audit on a Company....and Daddy told him. That's the least of it. I reckon Daddy is up to his eyeballs. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 9:18pm Aussie wrote on May 19th, 2017 at 9:15pm:
ahh ... that's what you were on about. I wasn't aware of it Maybe his dad understood that EVERYONE worries about audits. They're time consuming, they're a royal pain in the arse and even if you've done nothing wrong you always have the 'what if I made a mistake' question hanging in the back of your mind. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 9:19pm Aussie wrote on May 19th, 2017 at 9:15pm:
he might very well be, but if he is I haven't seen any evidence of it. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 9:25pm John Smith wrote on May 19th, 2017 at 9:18pm:
Okay....but Daddy is supposed to keep his mouth shut on those things.......no matter who asks. Come on! Why did Son ask? Why did Daddy answer? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 9:37pm Aussie wrote on May 19th, 2017 at 9:25pm:
ohh please ... like you wouldn't tell your kids if you were in his position. :D :D |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 19th, 2017 at 9:50pm John Smith wrote on May 19th, 2017 at 9:37pm:
Ah....and the penny finally drops. What else did he do for his kids given his position? ;) |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Ye Grappler on May 19th, 2017 at 10:02pm
Apparently they were contracted to handle public service payroll - now that's a ridiculous idea to hand such a job out to a profit-making venture when it can more easily and more control be exercised in-house.
This just goes to show how far this 'out-sourcing' and 'privatisation' is purely for the enrichment of self and families of a group of insiders - in any other nation there would be public trials and public hangings... or at least revolution ... here in Oz we sleep on unalerted to the vipers in our midst and in the midst of our government. Word for today:- 'priviatisation' - the process of turning a valid and well-functioning concept into a sh1t-house... see also activities of government, out-sourcing... World Grappler Dictionary, 2017 edition. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 19th, 2017 at 10:34pm Aussie wrote on May 19th, 2017 at 9:50pm:
there are some things I'd do for my kids Aussies, but there are also limits on what I'd do. I would never assist any of my boys in scamming millions of dollars fraudulently. In fact, I'd probably report them. Now put back my post in the other thread you dickhead. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Alinta on May 20th, 2017 at 7:47am
"Apparently they were contracted to handle public service payroll"
Ahh......now I see where "contract" fits into this. Thanks for this important info Grap. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Gnads on May 20th, 2017 at 8:05am
Skimming payroll tax into 2nd tier companies with straw directors.
Surely Daddy should have been suspicious of the over lavish lifestyle & expenditure? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 20th, 2017 at 8:14am Gnads wrote on May 20th, 2017 at 8:05am:
well we have kind of said that all along.....whos son suddenly owns a racing car team????.....I mean the son is 30.. ::) ::) my thoughts would be! is he in a drug cartel..I mean who else lives that kind of lifestyle in this day and age.?? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by John Smith on May 20th, 2017 at 9:30am cods wrote on May 20th, 2017 at 8:14am:
how do you know how sudden it was? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by lee on May 20th, 2017 at 10:53am Grappler Truth Teller Feller wrote on May 19th, 2017 at 10:02pm:
You forgot "SOME" public service payroll. From reports the ATO is not among them. |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 20th, 2017 at 4:43pm John Smith wrote on May 20th, 2017 at 9:30am:
well it was last year....he became owner of his own racing team....I mean suddenly is just a word... it mean he had all this spare money...duh! |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Valkie on May 20th, 2017 at 6:45pm
Apparently this is the turd who went after Paul Hogan and was OWNED by him.
If I was Paul. Id be sending him some dead flowers saying Sucked in you theving scum With love Paul Hogan |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Ye Grappler on May 20th, 2017 at 7:33pm Gnads wrote on May 20th, 2017 at 8:05am:
I thought I read they weren't paying income tax to the ATO.... could be payroll tax.... |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Ye Grappler on May 20th, 2017 at 7:34pm lee wrote on May 20th, 2017 at 10:53am:
I wasn't differentiating between branches etc.... just a bald statement.... |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Ye Grappler on May 20th, 2017 at 7:35pm Valkie wrote on May 20th, 2017 at 6:45pm:
Ain't karma a beach? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by The Mechanic on May 21st, 2017 at 9:48am John Smith wrote on May 19th, 2017 at 4:15pm:
I'm sure your father knows that your money 💰 comes from welfare johnnie... it's no secret.... everyone knows that you clown 🤡 |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by cods on May 21st, 2017 at 6:17pm Grappler Truth Teller Feller wrote on May 20th, 2017 at 7:33pm:
thats right maybe they were disappearing employees isnt that how payroll tax works.. by how many work for the business.... it all seems really weird but the son knew he was being audited and thats what got daddy involved....daddy would have know what it meant by and audit.... :( :(.. meaning they were suspicious.. meaning his boy was doing something not quite lawful. as a dad I would have been asking some very hard/tough questions.... ::) ::) |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by Aussie on May 21st, 2017 at 6:39pm
I finally read an Article today which explained it simply.
There is a Company called 'Rip Off.' The Owners of this Company included Daddy's Son. There are other Companies, but I'll keep it simple and refer to just one ~ called "Rip Off Big Time," also owned by people including Daddy's Son with muppet Directors......dumbnut people recruited to do a simple job. So.....Rip Off gets contracts with large organisations and does a deal with them which is.....'You give us the money, and we will do all the administration associated with paying your employees and handing to the ATO the associated PAYG tax payments.' So, organisations hand over the money to them. Rip Off pays the employee's entitlements, including the super, so all is well there.....employees getting what they ought. Rip Off then hands over to Rip Off Big Time what ought be the PAYG tax component of those wages to pass onto to the ATO. Rip Off Big Time hands over to the ATO what Rip Off gave them. Here is the kicker. Rip Off DID not give Rip Off Big Time ALL of the PAYG due to go to the ATO. They kept some and bought the bling with it. It was always going to come to grief as I do not yet understand how the employees of those organisations reacted when they did not get the Tax Assessment they expected from the ATO, given they would have seen their PAYG withheld from their 'pay envelope' and likely got a Bill from the ATO. Clear as mud? |
Title: Re: ouch! this would hurt Taxmans son in Tax fraud. Post by tickleandrose on May 22nd, 2017 at 2:12pm
So the company rip off - withheld PAYG tax from Payees. Gee... and they did this for 165 million dollars before the house of cards crumble? There have to be some kind of inside 'adjustment' going on.
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