Nearly $ 16 million worth of real estate, stocks, luxury vehicles and other assets were seized due to tax fraud.
The assets were confiscated from Simon Anquetil, one of the founders of the payroll company Plutus Payroll.
Anquetil, 38, from Liverpool, New South Wales, was sentenced to seven and a half years in prison last year for plotting to defraud the Commonwealth of more than $ 105 million and to use the proceeds of crime.
The Australian Federal Police received an order in 2017 to restrict the Anquetil's assets, valued at an estimated $ 15.8 million.
They were forfeited on January 31, six months after he was convicted by the NSW Supreme Court.
The assets include six properties, three Infiniti vehicles, multiple bank accounts, investment accounts and stock holdings, and luxury goods including watches.
Anquetil was a major conspirator in a syndicate that allegedly defrauded the Commonwealth of more than $ 105 million over three years.
The fraud ripped off innocent creditors and robbed the Australian public of valuable resources that could otherwise have been used to fund essential services.
Anquetil was arrested and charged in 2017 as part of an AFP-led investigation known as Operation Elbrus.
Camera iconLuxury watches were also confiscated. Credit: Delivered to Australian Federal Police
Stefan Jerga, AFP's national manager for seizure of criminal assets, said such crimes had a direct impact on the community.
"The seizure of these assets sends a clear message to organized criminals: not only do you risk being charged and jailed for your fraudulent activities, but you see your homes, vehicles, savings and personal effects being stolen," he said.
The seized property is now available for sale, with the proceeds being transferred to the Commonwealth's seized property account.
Funds in this account will then be redistributed by the Home Secretary to support crime prevention, law enforcement and other community initiatives.
The AFP-led Criminal Asset Confiscation Task Force was established in 2011 as part of an interagency crackdown on criminal assets that brought together the resources and expertise of the AFP, the Australian Criminal Intelligence Commission, the Australian Treasury, the Australian Transaction Report and the Analysis Center were. and Australian Border Force.
Together, these agencies prosecute, restrict and seize criminal assets.