Episode 2 - Plutus Payroll, the Cranstons and Operation Elbrus - Tax lost, $105m
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Episode 2 - Plutus Payroll, the Cranstons and Operation Elbrus - Tax lost, $105m
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About this listen
In this episode of Tax Lore, Harrison uncovers the underbelly of the Plutus Payroll case, a blatant tax fraud scheme with criminal convictions and $105m lost to the Commonwealth. The main playersare Adam and Lauren Cranston, the children of disgraced ex-Deputy Commissioner of Taxation Michael Cranston, Simon Anquetil, a serial entrepreneur with a taste for phoenixing, Dev Menon, the tax lawyer who held it all together, and the late Peter Larcombe, called "a thug in a suit". Together, they executed on a blunt but also elaborate plan to defraud the ATO by creating a network of fake companies for payroll management, and siphoning off money due to the ATO. Tune in to learn more about this audacious tax fraud that captivated the nation.
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