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Ralan's William O'Dwyer jailed: High-living property developer swaps his mansion for a jail cell but the mum-and-dad investors he ripped off remain broke and distraught

A developer who defrauded investors of hundreds of millions in an elaborate Ponzi scheme has been jailed for just four years, which hasn t satisfied victims fleeced of their life savings.

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Ex-Ralan Group MD Gets Four-Year Prison Sentence

Ex-Ralan Group MD Gets Four-Year Prison Sentence
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Ralan Group chief William O'Dwyer sentenced to four years' jail for fraud after apartment developer's collapse

Ralan Group was one of the country’s biggest private apartment developers when it collapsed in 2019, owing investors more than $500 million.

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Ralan founder William O'Dwyer pleads guilty to fraud

High-profile developer William O’Dwyer is accused of dishonestly obtaining, by deception, the ability to draw down on $251 million in finance.

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Ex-Ralan Group MD admits to fraud

Admission follows ASIC investigation

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