Tax fraudsters swindled $105 million from the ATO - now the luxury items are up for sale
It was the biggest tax fraud in Australian history, with five people accused and then found guilty of swindling $105 million from the tax office over a three-year period.
Operation Elbrus was the Australian Federal Police code name for its investigation which brought down a monumental fraud.
Two of those involved were Adam and Lauren Cranston - the son and daughter of then ATO deputy commissioner Michael Cranston.
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Operation Elbrus was the AFP code name for the investigation that brought down a monumental fraud. A Current Affair
Under the guise of a legitimate payroll company, they chose to keep the wealth for themselves, siphoning money that should have been paid as tax.
Eventually caught out and sentenced to jail, now some of their spoils are up for sale - and it could be a chance to bag a bargain.
First State Auctions' jewellery specialist Riya Takaya, who is listing the lavish goods, said all the items have gone through a double authentication process to make sure they're the real deal.
Takaya said luxury items from the stash include rare watches, diamonds and designer bags.
All items have gone through a double authentication process to make sure they're the real deal. A Current Affair
"We have a highly collectable Rolex, it's an Oyster Perpetual, the estimate is $20,000 to $30,000," Takaya said.
"These are really rare, it's really hard to find them these days."
All the money from the Operatin Elbrus items will go back to the government.
"So to have this money go back to the Commonwealth and particularly for things like crime prevention and to help the police in their investigations is very important," Takaya said.
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