Developer allegedly squandered $10m earmarked for disability housing (opens original article in a new tab)

A Gold Coast developer faces 13 charges for allegedly misusing $10m in NDIS housing funds for personal expenses, with investigations revealing extensive financial misconduct and halted projects.

• Developer David McWilliams charged with 13 criminal offenses over alleged $10m fraud involving NDIS housing funds
• ASIC investigation revealed $10m misappropriated for personal expenses including luxury purchases and offshore investments
• ALAMMC Developments halted operations after Federal Court order, with $90m raised from 500+ investors not used for intended SDA projects
• McWilliams's assets frozen in Nov 2024, but court documents show continued lavish spending until mid-2025