{"id":752477,"date":"2026-06-22T08:26:11","date_gmt":"2026-06-22T08:26:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/752477\/"},"modified":"2026-06-22T08:26:11","modified_gmt":"2026-06-22T08:26:11","slug":"property-developer-david-mcwilliams-charged-over-alleged-10-million-disability-housing-fraud","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/752477\/","title":{"rendered":"Property developer David McWilliams charged over alleged $10 million disability housing fraud"},"content":{"rendered":"

A Gold Coast property developer has been charged over an alleged $10 million fraud scheme perpetrated against NDIS participants in Queensland and Western Australia.<\/p>\n

ALAMMC Developments co-owner David McWilliams appeared in Southport Magistrates Court today facing 13 criminal charges relating to alleged misappropriation of funds set aside for the construction of specialist disability housing.<\/p>\n

The charges come after a two-year investigation by the Australian Securities and Investment Commission (ASIC) into the activities of Mr McWilliams and his wife and business partner, Laura Fullarton.<\/p>\n

This followed reports by Queensland’s gaming regulator that Mr McWilliams had gambled away large amounts of suspected investor funds.<\/p>\n

ASIC alleged that, during Mr McWilliams’s tenure as company director between July 2021 and October 2023, he used more than $10 million, which had been raised from investors to fund six NDIS housing projects in the two states, for personal expenses.<\/p>\n

Mr McWilliams’s alleged purchases included an Aston Martin, cryptocurrency, a pub in the regional South Australian city of Whyalla, offshore investment in Seychelles, and a luxury high-rise apartment in Gold Coast’s Surfers Paradise for Ms Fullarton, ASIC said.<\/p>\n

Four Corners last year reported<\/a> Mr McWilliams’s alleged activities were aimed at taking advantage of the NDIS-backed Specialist Disability Accommodation (SDA) scheme, which is designed to get people with extreme functional impairment and high support needs out of group homes and aged care facilities.<\/p>\n

The scheme sees investors receive $110,000 a year in rent support from the federal government on behalf of disabled tenants.<\/p>\n

ASIC said ALAMMC Developments commenced work on just one of the six SDA projects linked to the charges.<\/p>\n

Mr McWilliams is facing seven counts of dishonestly causing detriment, five of dishonest application of property of another, and one of making false or misleading statements about financial products.<\/p>\n

He faces a maximum sentence of 20 years’ imprisonment if found guilty.<\/p>\n

The ALAMMC group of companies wound up operations in October last year by order of the Federal Court.<\/p>\n

Receivers appointed to the companies found Mr McWilliams had raised more than $90 million from more than 500 investors for the intended construction of SDAs, which on most projects was minimal or entirely stopped.<\/p>\n

Mr McWilliams’s assets were frozen by the Federal Court in November 2024 after ASIC raids on his Gold Coast office and apartment.<\/p>\n

But court documents obtained by Four Corners as part of its investigation last year showed the businessman and his wife allegedly continued to spend lavishly up to mid-2025, including buying a Gold Coast gambling venue worth more than $30,000.<\/p>\n

Mr McWilliams’s case will return to court in August.<\/p>\n","protected":false},"excerpt":{"rendered":"A Gold Coast property developer has been charged over an alleged $10 million fraud scheme perpetrated against NDIS…\n","protected":false},"author":2,"featured_media":95403,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[70301,5799,64,63,99,70300,70302,5793,360950],"class_list":["post-752477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-alammc","tag-asic","tag-au","tag-australia","tag-business","tag-david-mcwilliams","tag-laura-fullarton","tag-ndis","tag-specialist-disability-accommodation-scheme"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/752477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=752477"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/752477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/95403"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=752477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=752477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=752477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}