A fleet of luxury supercars previously owned by tax fraudsters will be auctioned off in an attempt to recoup some of the massive $105 million lost to the conspiracy.
Thirty race cars, motorcycles and luxury vehicles seized from the ringleaders of the infamous Plutus Payroll tax evasion scandal are being auctioned online by the Australian Financial Security Authority (AFSA).
Included in the convoy of supercars is a Porsche Cayenne GTS, which retails for $300,000, a Porsche 911 GT3, two Wolf GB08 Tornado race cars and a replica Ford GT40 coupe.
There will also be four go-karts, two Ducati motorcycles and a Glastron GT180 motorboat available to the highest bidder.
Adam Cranston, the son of former Australian Taxation Office deputy commissioner Michael Cranston, spent his criminal earnings a Cirrus SR22 single-engine aircraft and a truck to transport his GT40.
He was sentenced last year to a maximum of 15 years behind bars, while his sister, Lauren Cranston, received eight years for her lesser role in the scam.
Plutus Payroll collected money from legitimate customers and funneled it through a web of secondary companies instead of paying it to the tax authorities, siphoning off a $105 million loss between 2014 and 2017.
The AFSA estimates that the total value of the items auctioned will exceed $700,000.
Adam Cranston, the son of former Australian Taxation Office deputy commissioner Michael Cranston, was sentenced to 15 years behind bars for his role in the tax avoidance scheme
A Porsche Cayenne GTS, which retails for $300,000, a Porsche 911 GT3, two Wolf GB08 Tornado racing cars and a replica Ford GT40 coupe are being auctioned online
Thirty racing cars, motorcycles and luxury cars that once belonged to fraudsters are being auctioned
There will also be four go-karts, two Ducati motorcycles and a Glastron GT180 motorboat (pictured) available to the highest bidder
Seized hHigh-quality jewelry, watches, designer handbags and other luxury goods are also auctioned.
An Australian Federal Police (AFP) investigation known as Operation Elbrus, also known as the Plutus Payroll Fraud, arrested the fraudsters in 2021.
Police has seized five properties, three vehicles, funds from multiple bank accounts, investment accounts and stock holdings, as well as several luxury items worth nearly $16 million from Plutus Payroll founder Simon Anquetil.
Mr. Anquetil has done more than laundering $28 million, $12 million of which he kept for himself, which was true sentenced to seven and a half years in prison in 2020.
Dev Menon, 39, was also found guilty of conspiracy to dishonestly cause a loss of $11 million to the Commonwealth and sentenced to a total of 14 years with a non-parole period of nine years.
The The ATO task force worked with the AFP to investigate the massive tax fraud.
Christopher Guillan, a former finance manager, was the last of 14 offenders to be convicted and was jailed for four and a half years in February this year.
The proceeds from the auction will go to tThe account for confiscated government assets, which will then be dispersed for crime prevention, intervention or diversion programs, or other law enforcement initiatives.