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Developer allegedly squandered $10m earmarked for disability housing
Key takeaways
- David Mc Williams is accused of misappropriating over $10 million in investor funds intended to be used for building specialist disability accomodation.
- ASIC has charged property developer David Mc Williams with 13 criminal counts related to the alleged misuse of disability housing funds.
- The property developer is accused of spending more than $10 million of investor capital earmarked for NDIS-backed Specialist Disability Accommodation projects on luxury purchases and high-risk investments.
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David Mc Williams is accused of misappropriating over $10 million in investor funds intended to be used for building specialist disability accomodation. (Supplied)
ASIC has charged property developer David Mc Williams with 13 criminal counts related to the alleged misuse of disability housing funds.
The property developer is accused of spending more than $10 million of investor capital earmarked for NDIS-backed Specialist Disability Accommodation projects on luxury purchases and high-risk investments.
Article preview — originally published by ABC Australia. Full story at the source.
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