A baker had his identity stolen and was unwittingly convicted of corporations offences after falling into the clutches of a tax evasion syndicate. It is alleged the scheme involved stripping businesses of their cash and assets in order to cheat the tax office and other creditors, then starting them up under a different name. The dummy directors are installed to shield the real directors from liquidators, creditors and the Australian Securities and Investments Commission (ASIC). The practice is estimated to cost the Australian economy more than $5 billion a year and has been made possible by gaping holes in the regulatory system.
http://www.abc.net.au/news/2018-08-27/multi-million-dollar-tax-scam-hits-federal-court/10168322
