Taxation Law Case Study - Activity Statement Fraud 2
Date: July 14, 2011
Authors: LAC Lawyers
Charge: Activity Statment Fraud
Penalty: Jail Sentence, required to pay $502,023.03
A Mosman man has pleaded guilty to 32 counts of obtaining and attempting to obtain a financial advantage by deception and was sentenced to seven years jail by the Downing Centre District Court for activity statement fraud totalling $714,077. He used false identities and forged documents using these to create 17 bogus companies to submit false activity statements to the ATO. He obtained refunds of $530,257 before the fraud was detected and a further $183,820 was stopped before payment was made. Both the ATO and the Australian Federal Police acted in concert to arrest the man.
Both his business and residential premises were searched leading to documents and his laptop computer being seized. It reminds one of Phillip Egglishaw whose laptop computer was seized as part of Operation Wickenby. Irrespective they uncovered false drivers' licences, passports and birth certificates used to create false bank accounts and activity statements. Not only was he sentenced for a period of imprisonment but he was also ordered to pay $502,023.03 as reparation.
Whatever your circumstances, if you are in trouble with the ATO, you should call LAC Lawyers for competent taxation advice and assistance now on 1300 799 888 (Sydney) or 1300 734 638 (Melbourne). Confidentiality is assured. Click here for more information on taxation offences.
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Date: April 27, 2012
Author(s): Scott Gray LPAB, Grad. Dip. Legal Practice
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Author(s): Jonathan Lim B.A., LL.B. (Hons)
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Date: April 27, 2012
Author(s): Scott Gray LPAB, Grad. Dip. Legal Practice
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Author(s): Jonathan Lim B.A., LL.B. (Hons)
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Date: April 27, 2012
Author(s): Scott Gray LPAB, Grad. Dip. Legal Practice
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Author(s): LAC Lawyers
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