Police say they will allege in court that the man defrauded at least eight accounting clients of $26 million.
Accountant charged over $26 million tax-related fraud
A NSW accountant has been charged after an investigation into an alleged large-scale tax-related fraud and proceeds of crime offences to the value of $26 million.
In June police officers attached to the State Crime Command’s Raptor Squad, along with assistance from the Tax Practitioners Board (TPB), commenced an investigation into reports of fraudulent conduct by a registered accounting firm.
The investigations led to the arrest of a 36-year-old man at a home in Western Sydney and the arrest of a 25-year-old woman at a business in Penrith.
During subsequent search warrants at the properties, police officers obtained electronic devices, hard drives, and documentation relevant to their investigation while also locating a small amount of a substance believed to be cocaine, with all items seized to undergo further forensic examination.
Both the man and the woman were taken to St Marys Police Station where the man was charged with 16 offences, which included 14 counts of dishonestly obtain financial advantage etc by deception, knowingly deal with proceeds of crime, and possess prohibited drug [sic].
He was refused bail to appear before the Penrith Local Court today, Wednesday, 12 July.
The woman was charged with recklessly deal with proceeds of crime of over $5,000 and was granted conditional bail to appear before Penrith Local Court on Thursday, 27 July.
Police said they will allege in court that the man defrauded at least eight accounting clients to the value of $26 million in a bid to fund a lavish lifestyle and gambling habit and that the woman attempted to conceal the misconduct.
Police will also allege in court that the man has links to organised criminal networks.