According to ASIC, Queensland man Jonathan William Parker created false invoices between September 2011 and April 2012 in a bid to cover his tracks for dishonestly withdrawing $809,208.30 from Freenet Pty Ltd.
In a separate allegation, Mr Parker is accused of dishonestly using a further $140,000 that belonged to one of the business’ investors.
The investigation arose after Freenet was put into liquidation in December 2014.
Its liquidator, Vincents Chartered Accountants, assisted ASIC with its inquiries that led to the charges being laid.
Mr Parker appeared in the Beenleigh Magistrates Court on 4 May 2018, but did not enter a plea to the charges. He was granted bail and will reappear before the court on 6 July this year.