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Accountant to stand trial for bogus invoices

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Accountant to stand trial for bogus invoices

Trial, court room, scales of justice

An accountant has been committed to stand trial for his role in the issuance of bogus invoices to a business client – totalling $275,000 – with the monies paid to a private company he was associated with.

ASIC has been investigating the collapse of satellite communications company NewSat, which had been listed on the ASX until August 2015, when it entered liquidation.

Those investigations have led the companies regulator to charge Melbourne accountant Jason Dermot Cullen with two counts of breaching the Corporations Act.

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The charges relate to ASIC’s allegations that Mr Cullen authorised two invoices for accounting services to NewSat that were false or misleading. NewSat paid the invoices – amounting to $275,000 – to a private company that was associated with Mr Cullen as well as NewSat’s former CEO, Adrian Ballintine.

Mr Cullen will face trial in the County Court of Victoria, although the date has yet to be determined.

If found guilty on both counts, Mr Cullen faces a jail term of up to 10 years.

Mr Ballintine will face three counts of the same charge for his role in authorising those and another invoice to NewSat totalling $357,000.

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The additional invoice was also paid to a private company he had ties with.

The trials of both men come after a committal hearing in the Melbourne Magistrate’s Court, which had been flagged by ASIC in December last year.

 

Adam Zuchetti

Adam Zuchetti

Adam Zuchetti is the editor of My Business, and has steered the editorial direction of the publication since the beginning of 2016. Before joining My Business, he worked on fellow Momentum Media titles The Adviser and Mortgage Business.

The two-time Publish Awards finalist has an extensive journalistic career across business, property and finance, including a four-year stint in the UK. Adam has written across both consumer and business titles, including for News Corp Australia and Domain.

You can email Adam at This email address is being protected from spambots. You need JavaScript enabled to view it.

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Accountant to stand trial for bogus invoices
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