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Regulatory

ASIC accuses ALAMMC Group directors of contempt

ASIC said that a husband and wife who misappropriated investor funds from their property development scheme operating under ALAMMC Group are guilty of contempt for allegedly, among other things, transferring more than $500,000 from their frozen accounts.

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Read more: ASICALAMMC GroupALAMMC DevelopmentsCoral Coast Mutual FundDavid McWilliamsFederal CourtHarvey Madison CapitalMortgage Mutual FundSarah Court