The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Regulatory

ASIC charges developer over alleged $10m fraud

BY VINNY VUCAGO | TUESDAY, 23 JUN 2026 11:27AM

Property developer David McWilliams has been charged over an alleged $10.1 million fraud scheme involving investor funds raised for specialist disability accommodation projects, following an investigation by ASIC.

Upgrade your subscription to access this article

And gain access to:

All website content, including archived news
Home page news customisation
Tech Zone, your technical resource library

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

VIEW COMMENTS

Related News

►	ASIC lifts stop orders against Remara
►	Metrics freezes redemptions behind listed funds as audit stalls
►	Developer jailed after $2.2m investment scam
►	ASIC sets FY27 priorities straight
►	Former Big Un chief escapes prison time for insider trading
►	Former BW Equities employee charged for misappropriating funds
►	ASIC strengthens AI trading safeguards
►	ASX still falling short of RBA's expectations
►	Treasury consults to improve data visibility into MISs
►	ASIC halts Remara's private credit products for TMD deficiencies

Editor's Choice

AIA snags Acenda head of products

MATTHEW WAI | 12:01PM

AIA Australia has welcomed a new head of partnerships, who joined from Acenda after leaving the firm in March.

AIA snags Acenda head of products

MATTHEW WAI | 12:01PM

AIA Australia has welcomed a new head of partnerships, who joined from Acenda after leaving the firm in March.

Praemium chief exits amid leadership renewal

RIDDHIMA TALWANI | 11:03AM

Praemium is reshuffling its top leadership to refresh its strategy, keeping the same goals but with "faster pace, better execution and increased focus on customers".

Praemium chief exits amid leadership renewal

RIDDHIMA TALWANI | 11:03AM

Praemium is reshuffling its top leadership to refresh its strategy, keeping the same goals but with "faster pace, better execution and increased focus on customers".

Videos

Brought to you by

Product showcase: A guaranteed future

Videos

Brought to you by

MAX: Marketing, Advertising and Sales Excellence Awards | Highlights 2026

Videos

Brought to you by

Risk, rates & real: Navigating the now

Videos

Brought to you by

Product showcase: Reframing financial advice

Videos

Brought to you by

Product Showcase: Calm in the chaos

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE

Effie Dimitropoulos

Chief executive

AUDD

Digital assets and where they stand in 2026

So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.

READ MORE

Jessica Sclafani

Global retirement strategist

T. Rowe Price

Rethinking default design in a changing market environment

The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.

READ MORE

Industry Events

MORE INDUSTRY EVENTS

OCT

Chief Economists Forum

Featured Profile

MORE PROFILES

Cliff Man

CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD

ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.

READ MORE