PHOTO: The Vaucluse house owned by Adam Cranston and Jay Onley.

The Vaucluse house owned by the alleged masterminds behind Australia’s largest tax fraud, Adam Cranston and Jay Onley, is to be sold for a likely loss on its $2.4 million purchase four years ago.

The three-bedroom house was just one of a handful of properties bought by Cranston and his nominated companies in a 2015 property spree now being forcibly sold off as he awaits trial for his role in what is dubbed Australia’s largest white-collar crime case.