A Figtree fraudster who pocketed more than a quarter of a million dollars in an elaborate tax scam used the cash to pay for dozens of overseas holidays.
Mario Filippo Di Fiori has admitted to rorting federal tax laws at least 30 times over a period of five years, netting him a total of $268,704.90.
Di Fiori used false identities to help him establish several bogus businesses between 2003 and 2008, including ones providing adult entertainment services.
He then claimed backdated GST refunds to which he was not entitled.
In Wollongong District Court yesterday Di Fiori admitted to spending the cash on overseas travel, estimating he'd been on "about 30" holidays in recent years, mostly flying to Italy with his mother to visit family.
He also visited Thailand and Hong Kong, and had been accompanied by his niece on at least one trip.
The court was told Di Fiori used up to nine false names, often different spellings of his first name and surname, to register 27 different entities with the Australian Securities and Investments Commission.
Di Fiori then registered the enterprises with the Australian Taxation Office, often recording himself as a director, before requesting each business's establishment date be backdated.
"He then commenced the lodgment of false Business Activity Statement [BAS] for those past periods," the ATO documents before the court said.
"The defendant continued to lodge backdated BAS until such time as he reached the current lodgement period or the ATO began questioning claims made."
Di Fiori's scam wasn't uncovered for several years, despite the ATO carrying out audits on the fake companies.
He pleaded guilty in Wollongong Local Court earlier this year to 27 counts of obtaining a financial advantage by deception and three counts of attempting to obtain a financial advantage by deception
The court heard Di Fiori, who is on a disability pension, had experienced learning difficulties and left North Wollongong's Para Meadows school at age 16.
Giving evidence in the witness box, Di Fiori claimed to have had problems doing the calculations on the BAS forms during the time he made the false claims and admitted when it came to filling out the paperwork he "didn't know 100 per cent how it all worked".
However, the court heard only moments later that Di Fiori had not only undertaken courses in business and accounting at TAFE, but had academically excelled in them.
"You got several distinctions didn't you?" presiding Judge Paul Conlon asked Di Fiori, who responded that he had.
Di Fiori explained he'd had help from the institution's disability services unit.
The matter will return to court for judgment in late October.