Complex $17M Fraud Ring Busted, 12 Charged in Australia

Complex $17M Fraud Ring Busted, 12 Charged in Australia
A sign for the AFP Headquarters is displayed in Canberra, Australia, on June 6, 2019. Getty Images
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Sydney construction identity George Alex is accused of leading a criminal syndicate behind a complex $17 million tax fraud scheme.

NSW, Queensland and ACT properties were raided on July 21 after an 18-month joint investigation into tax fraud and money laundering by federal police, the Australian Tax Office and corporate regulator ASIC.