The Plutus Scheme: How a Sydney Strip Club Became the Center of a Massive Tax Fraud

TLDRSydney strip club Men's Gallery becomes the meeting place for a group of men planning a tax fraud scheme called the Plutus Scheme, which aims to rip off the Australian taxation office. The scheme involves setting up a payroll company that processes wages on behalf of other businesses but keeps the money instead of paying taxes. The scheme grows to embezzle around 70 million dollars before being discovered and investigated by the Australian Federal Police.

Key insights

💼The Plutus Scheme revolves around setting up a payroll company to process wages and embezzle money from the Australian taxation office.

💰The scheme accumulates around 70 million dollars before being uncovered by the Australian Federal Police.

🕵️The Australian Federal Police launch a covert surveillance operation to gather evidence against The Syndicate behind the Plutus Scheme.

🌐The Plutus Scheme involves a network of professional facilitators who help keep the scam going.

💣The Plutus Scheme is eventually brought down, leading to the arrest and prosecution of those involved.

Q&A

What is the Plutus Scheme?

—The Plutus Scheme is a tax fraud scheme that involves setting up a payroll company to process wages on behalf of other businesses but keeping the money instead of paying taxes.

How much money did the Plutus Scheme embezzle?

—The Plutus Scheme embezzled around 70 million dollars from the Australian taxation office.

How was the Plutus Scheme uncovered?

—The Plutus Scheme was uncovered through a large-scale covert surveillance operation conducted by the Australian Federal Police.

Who was involved in the Plutus Scheme?

—A group of men, including Adam Cranston, Jay Only, Simon Anquetil, and Josh Kitson were involved in the Plutus Scheme.

What happened to the Plutus Scheme?

—The Plutus Scheme was eventually brought down, leading to the arrest and prosecution of those involved.

Timestamped Summary

00:12The Plutus Scheme begins with a meeting of men at the Men's Gallery strip club in Sydney.

01:02The Plutus Scheme aims to rip off the Australian taxation office by setting up a payroll company to process wages and embezzle money.

01:36The Australian Federal Police launch a covert surveillance operation to gather evidence against The Syndicate behind the Plutus Scheme.

07:26The Plutus Scheme involves a network of professional facilitators who help keep the scam going.

10:01The Plutus Scheme embezzles around 70 million dollars before being uncovered.

13:49The Plutus Scheme organizers enjoy a lavish lifestyle, spending money on expensive assets and events.

15:31The Plutus Scheme relies on a network of professional facilitators to keep the scam going.

14:49The Plutus Scheme is eventually brought down, leading to arrests and prosecutions.

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