Adam Cranston pocketed $6.8 million from tax fraud, according to court

“It appears that Mr Cranston felt he was a disappointment to his father,” the barrister said.

He said his client spent five weeks in isolation because “he was considered a prominent inmate”.

Judge Anthony Payne said Cranston had pleaded not guilty and “continues to maintain his innocence”, but the medical reports provided by the defense contained “some limited insight into the offence”.

Stratton said there was evidence of Cranston’s remorse over a doctor, as he described his behavior as “wrong, stupid and greedy” and said, “I was unaware of the gravity of what I did.”

Crown Prosecutor Rae Sharp, KC, claimed Cranston was a key player in the conspiracy involved in making important decisions and “made a conscious decision to engage in this offence”.

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“Given the sophisticated nature of the system [and] “The number of steps taken to plan and implement the crime, including the steps taken to prevent detection, are all very deliberate and purposeful steps,” Sharp said.

The prosecutor said Cranston had previously started a business as an individual and that ability “may remain open to him upon his release.”

In response, the judge said Cranston was “famous” for his name and his relationship with his father.

Payne noted he was grateful to the Commonwealth authorities for “facilitating the legal process” by providing financial support to Cranston’s lawyers for the sentencing hearing, after the Attorney General had previously refused.

Lauren Cranston was jailed for a maximum of eight years, his school friend Patrick Willmott for nine years and attorney Dev Menon for 14 years. Cranston and former pro snowboarder Jason Onley, whom the Crown described in the trial as “one of the biggest financiers” of the scammers, will be convicted on Tuesday for their actions.

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Justin Scaccy

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