|A 24-year-old western Sydney man has become the 13th person charged for his alleged role in a $20 million fraud and money laundering operation.
The accused is alleged to have dealt with $1,373,300 that were proceeds of an illegal scheme to embezzle money that should have been remitted to the ATO and facilitating the above activity on behalf of another man for the benefit of that man’s relatives and close associates, contrary to s 400.3(2) of the Criminal Code Act 1995 (Cth).
The offence is punishable with imprisonment for up to 10 years.
The above developments were part of Operation Bordelon, a Serious Financial Crime Taskforce joint agency operation targeting a criminal syndicate using labour hire and payroll companies associated with the building and construction industry to defraud the Commonwealth.
Source: ATO, AFP and ASIC, Western Sydney man becomes 13th person charged in relation to $20 million fraud investigation, [joint media release], 3 August 2021, accessed 4 August 2021.