Melbourne men Joseph Cullia and Zoran Markovic have been charged following an ASIC investigation into a suspected self-managed super fund (SMSF) scam that targeted Australian investors. The alleged scheme, operating between November 2020 and July 2021, involved fraudulent investment websites using the Australian financial service licence of two legitimate companies without their consent. Cullia faces charges including conspiracy to defraud, dealing with proceeds of crime, possession of false documents, and possession of identification information to commit offences, while Markovic faces multiple counts of aiding or abetting, dealing with proceeds of crime, and possession-related offences. The case is being prosecuted by the Commonwealth Director of Public Prosecutions.
Cullia and Markovic were granted bail and have appeared multiple times in the Melbourne Magistrates Court and the County Court of Victoria. The matter has progressed through a series of committal hearings, mentions, and case conferences, with a trial currently listed for 12 October 2026. Maximum penalties for the charges range from 3 to 25 years’ imprisonment, reflecting the serious nature of the alleged investment fraud.
