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Former girlfriend of Adam Cranston reveals their luxury life

18 May 2017 9:11 PM
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Former girlfriend of Adam Cranston reveals their luxury life

Toni Brady, the crestfallen former lover of Adam Cranston, made this video of her trip to Paris with the accused tax cheat, who can be seen in the background.

THE former lover of the ATO deputy commissioner’s son, Adam Cranston, has revealed how she was lavished with luxury clothes, jewellery, cars and surgery by her lover who is now accused of a multi-million dollar tax fraud.

Toni Brady, 24, told the Herald Sun she was swept off her feet by Adam Cranston, 30.

“He bought me jewellery. Diamond earrings, Hermes bracelets, handbags. My favourite are Dolce and Gabbana.”

Ms Brady said she met her former lover through mutual friends and the pair enjoyed the high life together, with him paying for her rent, overseas travel, designer labels and “liposculpture” on her bottom before they split.

She claims to have had no idea he was allegedly involved in the fraud ring and her bank accounts have now been frozen amid the police operation that could become one of the largest white-collar crime cases in Australian history.

On Thursday, nine people were arrested over the “unprecedented” fraud that is estimated to have cost Australian taxpayers $165 million.

It indirectly involved Australian Taxation Office deputy leader Michael Cranston, who was issued a court notice for allegedly abusing his position as a public official.

AFP deputy commissioner Leanne Close said police don’t believe Michael Cranston was aware of his son’s activities, but allege the organised syndicate led a “significant” operation.

“The scale of this alleged fraud is unprecedented for the AFP; the response from our members yesterday is a direct response to the level of offending that we have identified during this operation,” she said.

Also read: $1b channelled through tax avoiding payroll company

Ms Brady said her bank accounts were frozen in relation to the investigation with a letter explaining the process ironically bearing Michael Cranston’s name.

Meanwhile, other members of the alleged scheme have been named as a former crime reporter, a tradie and an unemployed plumber whose mother said he didn’t have “two cents” to rub together.

Nearly 300 police took part in 28 raids across NSW on Wednesday following a complex investigation based around a payroll scheme with “straw directors”.

“It will be alleged in court that the fraud involved a company established by the syndicate to provide payroll services to legitimate clients,” the AFP said.

Also read: ATO fraud case: How did the investigation into the alleged $165m theft unfold?

“The money received from these companies was transferred to subcontracted companies – allegedly controlled by syndicate members – to process payroll. While processing these payments, funds paid by legitimate clients to service tax obligations were allegedly diverted by the syndicate for their own personal gain.”

Luxury cars were among 25 vehicles seized under proceeds of crime, as were two planes, artworks, jewellery, wine and $1 million in cash.

• Police allege the conspirators ran a legitimate payroll company called Plutus and accepted money from clients to process payroll on their behalf.

• Money was transferred to subcontracted or second-tier companies which made the payroll payments. That was legal but police allege what happened next was not.

• The subcontracted companies were allegedly fronts controlled by the syndicate and failed to pass on complete PAYG contributions to the tax office.

• The money was transferred to the alleged conspirators through a series of companies and trusts and used to fund lavish lifestyles.

• The ATO doesn’t have the capacity to audit every single small business or taxpayer so some discrepancies will go unnoticed, University of Sydney tax law expert Micah Burch told AAP.

“The audit rate for small businesses is quite low ... in some ways the system relies on the honesty of taxpayers.”

• Each employee pays different taxes so employers who withhold PAYG commitments can fly under the radar because there’s no set payment amount.

• The alleged scheme was not particularly sophisticated, Burch believes. “Everyone knows the ATO can’t audit everyone. It just seems to rely on the fact that stuff like this will get lost in the sea of transactions.”

• Burch says ATO resources have been cut drastically over the past decade.

“Those kinds of cuts can’t not have an affect on enforcement and compliance. The more ATO agents they have the more they can expose crimes like these.”

Also read: Cassie Sainsbury was a 'prostitute in a Sydney brothel'

Source: news.com.au

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