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Almost $ 16 million in assets were confiscated from a man who has been in prison for seven years for a mammoth fraud in the Commonwealth. Six properties, three vehicles, luxury goods such as watches, multiple bank accounts, investment accounts, and $ 15.8 million equity investments are now in government hands. Simon Anquetil co-founded the payroll company Plutus Payroll, which defrauded the Commonwealth of more than $ 105 million over three years. The complex fraud included withholding tax and GST fraud. The 38-year-old Liverpool resident was one of the criminal syndicate’s main conspirators. He is serving a seven and a half year sentence for conspiracy to defraud the Commonwealth and for the proceeds of crime. The Australian Federal Police man responsible for seizing criminal assets, Stefan Jerga, says the force is working to ensure that criminals do not profit from illegal activities. “Fraud is not a victimless crime, but a crime that has a direct impact on the community,” Jerga said in a statement Monday. “The seizure of these assets sends a clear message to organized criminals: not only do you risk being charged and jailed for your fraudulent activities, but you see your homes, vehicles, savings and personal effects being stolen from you.” The property is sold and the proceeds are transferred to a special government account. Home Secretary Peter Dutton is distributing funds in support of crime prevention, law enforcement and other community initiatives. Australian Associated Press
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Almost $ 16 million in assets were confiscated from a man who has been in prison for seven years for a mammoth fraud in the Commonwealth.
Six properties, three vehicles, luxury goods such as watches, multiple bank accounts, investment accounts, and $ 15.8 million equity investments are now in government hands.
Simon Anquetil co-founded the payroll company Plutus Payroll, which defrauded the Commonwealth of more than $ 105 million over three years.
The complex fraud included withholding tax and GST fraud.
The 38-year-old Liverpool resident was one of the criminal syndicate’s main conspirators.
He is serving a seven and a half year sentence for conspiracy to defraud the Commonwealth and for the proceeds of crime.
The Australian Federal Police man responsible for seizing criminal assets, Stefan Jerga, says the force is working to ensure that criminals do not profit from illegal activities.
“Fraud is not a victimless crime, but a crime that has a direct impact on the community,” Jerga said in a statement Monday.
“The seizure of these assets sends a clear message to organized criminals: not only do you risk being charged and jailed for your fraudulent activities, but you see your homes, vehicles, savings and personal effects being stolen from you.”
The property is sold and the proceeds are transferred to a special government account.
Home Secretary Peter Dutton is distributing funds in support of crime prevention, law enforcement and other community initiatives.
Australian Associated Press