People & Companies / Queensland / 1 min
Gold Coast Developer Jailed Nine Years Over $2.3m Investor Fraud
Investors put in $25,000 to $200,000 each. The offending came to light through reports to ASIC, not through any disclosure by the developer.
9 yrsjail term, parole eligible after 3
$2,294,239investor funds misused
~190investors
$600k+used for personal benefit