Regulation

Second member of $105m fraud syndicate sentenced to 9 years

Plutus payroll tax conspirator who controlled key bank accounts gets long jail term.

09 May 2023 • By Philip King

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Regulation

Fraudulent SME business insurer sentenced to nearly three years in jail

The dishonest actor obtained almost $100,000 by providing invalid insurance to small businesses.

04 April 2023 • By Josh Needs

Regulation

Two jailed for separate multi-million dollar tax fraud schemes

Joint ATO-AFP taskforce results in prison for fake BAS lodgements and the first jail term for alleged members of an...

03 April 2023 • By Philip King

Tax

Three men found guilty over watershed $105m tax fraud

The verdicts come after a six-year investigation by the AFP and ATO, plus an eight-month trial.

09 March 2023 • By Josh Needs

Regulation

Former accountant gets six years’ jail for $2.8m tax fraud

The court also orders repayment of $2.6 million for false income returns and BAS over three years.

23 February 2023 • By Philip King

Tax

TPB bans tax agent for five years over fraudulent grants

The agent falsified statements to support the inappropriate applications for grants.

21 February 2023 • By Josh Needs

Tax

‘Many more arrests to come’ over billions in GST fraud

The ATO and AFP say they have acted against more than 53,000 people and prevented almost $2.5 billion in wrongful...

17 February 2023 • By Josh Needs

Regulation

ASIC to target environmental frauds in wider agenda

After achieving $76.3 million in civil penalties in the second half of last year, the commission has expanded its...

16 February 2023 • By Josh Needs

Regulation

Melbourne identity fraudster jailed for stealing $3.3m

Personal details from the dark web were used to set up bank accounts that siphoned money from the unwitting victims.

20 December 2022 • By Keeli Cambourne

Business

ASIC’s top 10 ways to sniff out fraud before it’s too late

Cryptocurrency scams cost a record $701 million last year and is rising fast, says the regulator.

09 November 2022 • By Keonia Swift

Technology

Protect against credit card fraud or pay the price, retailers told

“Chargeback fraud” leaves merchants on the hook for whatever gets stolen, says security specialist.

17 October 2022 • By Josh Needs

Regulation

TPB deregisters tax agent after fraud conviction

The agent gave false information in an attempt to obtain a $1.16 million loan and failed to disclose his sentence to...

30 September 2022 • By Josh Needs

Business

How financial services businesses can avoid fraud

For as long as the financial services sector has existed, unscrupulous entities have found ways to exploit weak spots...

19 September 2022 • By CreditorWatch

Regulation

Restaurant owner sentenced to five years’ jail for GST fraud

The South Australian man was found guilty of obtaining over $600,000 in refunds.

05 September 2022 • By Josh Needs

Regulation

GST fraudster sentenced to five years’ jail

Repeated attempts to gain fake credits are exposed by ATO crackdown.

29 August 2022 • By Philip King

Regulation

ATO-led taskforce executes 19 warrants for GST fraud

Operation Protego makes a series of coordinated nationwide raids in GST crackdown.

20 June 2022 • By Josh Needs

Tax

Be alert for tax fraudsters, small business warned

EOFY “is like Christmas” to scammers with $7.2 million stolen from vulnerable computers last year.

08 June 2022 • By Josh Needs

Technology

Adopt e-invoicing to cut fraud risk, says ATO

It adds a layer of security compared with traditional emails or printed invoices.

19 April 2022 • By Tony Zhang