The ATO has announced that a Victorian loan broker and company director was on Wed 4.9.2013, sentenced by the County Court of Victoria to 6 years and 6 months jail (with a minimum of 4 years to serve) for tax fraud. The ATO said the man pleaded guilty to 121 charges involving fraudulent use of client information to claim over id=”mce_marker”.3m in false energy grant and fuel tax credits. The Court also ordered the man to repay id=”mce_marker”,072,821.51.
As a loan broker, the ATO said the man was in a position of trust where clients supplied him with proof of identification for what they thought were legitimate purposes. He subsequently used these details to commit fraud against the Commonwealth, the ATO said.
Source: ATO media release No 2013/22, 4 September 2013
[LTN 171, 4/9/13]