Gold Coast property developer David McWilliams is facing a massive brief of evidence as prosecutors build their criminal case over an alleged $10 million NDIS fraud scheme.

Federal prosecutors revealed during a hearing at Southport Magistrates Court today that they have compiled more than 90 witness statements and over 3,000 exhibits. The extensive documentation follows a two-year probe by the Australian Securities and Investments Commission (ASIC) into McWilliams and his wife and business partner, Laura Fullarton.

Misappropriated Funds and Luxury Purchases

McWilliams, director of ALAMMC Developments, faces 13 criminal charges. Authorities allege he dishonestly siphoned off investor funds intended to construct specialist disability accommodation across Queensland and Western Australia.

Instead of completing the critical housing projects, investigators allege more than $10 million was funneled into luxury spending, including cryptocurrency investments, overseas ventures, residential and commercial properties, and a high-end sports car.

Legal Representation Hits Financial Snags

Federal prosecutor Alice Tanzer-Wilde confirmed to the court that 85 witness statements and 3,000 exhibits have already been served to the defense, with the remaining six statements expected by September 11.

However, McWilliams's legal team raised concerns about whether they can continue representing him. Defense lawyer Jack O'Callaghan indicated that frozen assets have created complications regarding legal fee payments. Receivers were appointed to manage McWilliams's assets after a Federal Court order in late 2024.

ASIC previously pursued contempt charges against McWilliams, alleging he and his wife breached freezing orders by spending hundreds of thousands of dollars on gambling and overseas vacations.

Unfinished Projects and Failed Promises

The ALAMMC group of companies was ordered into liquidation in late 2025. According to receivers, McWilliams raised more than $90 million from investors under the guise of building specialized housing for vulnerable Australians.

Regulators revealed that ALAMMC Developments had actually commenced construction on only one of the six key accommodation projects connected to the criminal charges, leaving investors stranded and project sites abandoned.

The matter is scheduled to return to Southport Magistrates Court in September.