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ouch! this would hurt Taxmans son in Tax fraud. (Read 1433 times)
cods
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ouch! this would hurt Taxmans son in Tax fraud.
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.



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by aussie..You missed it, you inveterate foolish sot (yes that's me beginning to fire back.....)  because it never happened.
 
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cods
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #1 - 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.
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by aussie..You missed it, you inveterate foolish sot (yes that's me beginning to fire back.....)  because it never happened.
 
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Valkie
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #2 - 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
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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lee
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #3 - 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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Valkie
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #4 - May 18th, 2017 at 8:09pm
 
lee wrote on May 18th, 2017 at 8:01pm:
Public Servants are a microcosm of humanity. Hopefully with more honesty than the general population.


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.
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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lee
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #5 - May 18th, 2017 at 8:30pm
 
Valkie wrote on May 18th, 2017 at 8:09pm:
Have you ever dealt with a senior public servant?


Yes  I used to work for them. Wink
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Francis
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #6 - 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.

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cods
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #7 - 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!
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by aussie..You missed it, you inveterate foolish sot (yes that's me beginning to fire back.....)  because it never happened.
 
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cods
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #8 - May 19th, 2017 at 7:39am
 
Francis wrote 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.




what have politicians got to do with this francis????..
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by aussie..You missed it, you inveterate foolish sot (yes that's me beginning to fire back.....)  because it never happened.
 
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John Smith
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #9 - 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
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REPORTER: The condition of the budget will not be an excuse for breaking promises?

TONY ABBOTT: Exactly right. We will keep the commitments that we make.
 
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cods
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #10 - 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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by aussie..You missed it, you inveterate foolish sot (yes that's me beginning to fire back.....)  because it never happened.
 
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #11 - May 19th, 2017 at 12:03pm
 
John Smith wrote 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


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...  Roll Eyes
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The object of war is not to die for your country but to make the other bastard die for his.
 
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cods
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #12 - May 19th, 2017 at 12:46pm
 
The Mechanic wrote on May 19th, 2017 at 12:03pm:
John Smith wrote 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


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...  Roll Eyes



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.. Roll Eyes Roll Eyes


nah! theres more to this for sure.
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by aussie..You missed it, you inveterate foolish sot (yes that's me beginning to fire back.....)  because it never happened.
 
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #13 - 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.
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“I’ll let you be in my dreams if I can be in yours” Bob Dylan
 
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Re: ouch! this would hurt Taxmans son in Tax fraud.
Reply #14 - May 19th, 2017 at 1:02pm
 
Unforgiven wrote 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.


Rhino?
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