[Australia] Plutus Payroll founder sentenced for role in fraudulent syndicate

6 AUG 2020

Simon Paul Anquetil - the principal conspirator of the Plutus Payroll tax fraud syndicate and the founder of Plutus Payroll - has been sentenced to seven and a half years in prison. The Supreme Court of New South Wales gave Mr Anquetil the term for his role as a principal conspirator in a syndicate that is alleged to have defrauded the Commonwealth of more than $105 million over the course of three years.

The fraudulent scheme used payroll services companies to divert pay-as-you-go withholding tax and goods and services tax owed to the ATO. Mr Anquetil pled guilty to the charges against him and was given a non-parole period of five years as part of his sentence. He is is the fifth person to be sentenced in relation to the Plutus Payroll tax fraud syndicate. Accountants Daily reports on the case and reactions to its outcome.

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