With an investigation into investments made by Clayton Utz partners into an elaborate tax scheme apparently still afoot, it has emerged today that an ex-Clayton Utz partner is presently facing charges of fraud and obtaining a financial advantage by deception.

It has been revealed that ex-Clutz partner George Livanes

say NO to fraud

…is bankrupt and preparing to defend himself against 10 charges of fraud and two charges of obtaining a financial advantage by deception. The charges relate to more than $3 million in deductions he claimed over the Balgowlah home and another property from 1991 to 2002… His debts were close to $6 million when the Tax Office declared him bankrupt in 2006, four years after it began an investigation into his returns.

This negative publicity comes after the recent revelation that Clayton Utz partners allegedly invested millions of dollars into an apparent tax dodge:

…The Crime Commission is asking questions about the Seachange scheme … And then there is Indoexchange, designed to generate tax write-offs for buying rights to exotic travel-related internet sites through South-East Asia, with an expectation of a future stock exchange listing. Partners at Clayton Utz … have sunk millions into Indoexchange and are desperate to avoid publicity. The investments (and potential tax deductions) were magnified by mysterious loans. The Tax Office rejected the deductions and applied steep tax avoidance penalties, while investors say the internet sites never materialised. Crime Commission investigators are asking questions in the context of Operation Wickenby.

On its website, Clayton Utz lists ‘taxation’ as an area of expertise.

Send the Firm Spy your news and views!

Related posts

1. Alleged ‘Facebook Stalker’ ex-Clayton Utz Lawyer Claims Colleagues Sexually Assaulted Him Following on from our coverage of the case against alleged...
2. Ex-Baker & McKenzie Partner Anthony Brearley an Alleged Fugitive You do not want to be an alleged fraudster in...
3. Clayton Utz Partner Joe Catanzariti Intimidates Sacked Worker Splashed arcoss national media yesterday was yet another sordid tale...
4. Chills @ Mills? Questions Raised Over Future of Alleged ‘Fugitive’ Mills Oakley Partner In late July we reported that mid-sized law firm Mills...
5. Partner Purge; Clayton Utz Appoints Darryl McDonough as CEO Top quality Clayton Utz firm spying has enabled us to...