FOUR SENTENCED OVER $10.7 MILLION TAX FRAUD AND MONEY LAUNDERING SCHEME

CANBERRA, ACT, Aug. 14 -- Australian Federal Police issued the following media release:

This is a joint media release between the Australian Federal Police, Australian Taxation Office, andAustralian Securities and Investments Commission

Four people have been sentenced by the District Court of NSW for their roles in a two-year, $10.7 million fraud that used labour hire and payroll companies linked to the building and construction industry.

A joint AFP and ATO investigation, under the Serious Financial Crime Taskforce and known as Operation Bordelon, began in December, 2018, following intelligence identified in multiple criminal investigations.

The court heard that four individuals were part of a sophisticated money laundering and tax eva...