RAMS founder John Kinghorn charged with $30m tax fraud

Discussion in 'Loans & Mortgage Brokers' started by Simon Hampel, 1st Nov, 2017.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

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    RAMS founder charged with $30m tax fraud after eight-year investigation

    The founder of RAMS Home Loans, John Kinghorn, 76, has been charged with fraud offences after allegedly avoiding taxes worth more than $30 million.

    The Australian Federal Police (AFP) alleges he fraudulently concealed his beneficial ownership of two companies from the tax office between 2004 and 2007.

    He has been charged with dishonestly influencing a Commonwealth public official and defrauding the Commonwealth, after an eight-year investigation.​

    I don't believe Kinghorn has any involvement in RAMS now? Isn't it owned by Westpac?

    Reading some of the articles, it seems that he has been involved in some other questionable deals too.
     
    Simon Hampel, 1st Nov, 2017
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Used the Sergeant Schultz defence... "I know nothing"..
     
    Scott No Mates, 1st Nov, 2017
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  3. DaveM

    DaveM Well-Known Member

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    Rams was split up and sold in parts post gfc iirc. Westpac bought the bulk of it, RFG still ran after for a while I think
     
    DaveM, 1st Nov, 2017
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  4. Ross Forrester

    Ross Forrester Well-Known Member

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    The annoying thing is here that somebody else was helping him. And that person is not mentioned.

    If Kinghorn goes to jail so should the advisor who orchestrated it.
     
    Ross Forrester, 1st Nov, 2017
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