Jun 15, 2026 – 3.48pmA Gold Coast businessman, accused with his wife of scamming more than $90 million from mum and dad investors on the premise of building specialist NDIS housing, admits he breached orders banning him from accessing funds, but claims it was an accident.The Australian Securities and Investments Commission alleges that ALAMMC Developments founders David McWilliams and Laura Fullarton shifted hundreds of thousands of dollars between bank accounts, breached court-imposed living allowances and failed to declare interests and prize money related to two race horses, including one named Within The Law.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Couple accused of NDIS scam ‘spent funds on gambling, lavish trips’
Gold Coast businessman David McWilliams says his breaching of court-imposed living allowances happened only because he misunderstood legal advice.
McWilliams and Fullarton accused of $90M NDIS housing fraud: diverted investor funds to gambling and luxury expenses instead of development. Governance warning for institutional capital: weak oversight on fund allocation in social deals creates compliance and reputation exposure.













