Project Wickenby snares white collar criminals

ATO/government/

8 March 2012
| By Staff |
image
image
expand image

Two men found guilty of defrauding the Government have received tougher sentences following appeals in the NSW Court of Criminal Appeal as a result of Project Wickenby.

Earlier this week Michael Boughen and Wayne Francis Cameron pleaded guilty to conspiracy to defraud the Commonwealth and conspiracy to dishonestly cause a loss to the Commonwealth and received a three-year sentence, with a minimum of 18 months to be served.

The court said that failing to position tax fraud and evasion commensurate with social security fraud would be tantamount to perpetrating class bias.

"The NSW Court of Criminal Appeal confirmed that imposing 'firm custodial sentences' in instances of white-collar crime was required to ensure an offender would not offend again, and to act as a deterrent to others," Tax Commissioner Michael D'Ascenzo said.

In a separate case last week, Michael Milne's eight-and-a-half year sentence was upheld and his appeal dismissed, leaving Milne to serve a minimum of four years and nine months for dishonestly obtaining a gain from a Commonwealth entity and money laundering.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 2 weeks ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

4 weeks 1 day ago

A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rule...

3 weeks ago

Prime Minister Anthony Albanese has confirmed who will succeed Stephen Jones to serve as the Assistant Treasurer and Financial Services Minister. ...

3 days 20 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
5
Plato Global Alpha A
28.83 3 y p.a(%)