Fraudulent property developer given four year jail sentence
Former Ralan Group Managing Director William O’Dwyer, described as Australia's Bernie Madoff, has been sentenced to immediate imprisonment after pleading guilty to six offences of obtaining a financial advantage by deception.
The failed developer's empire fell apart midway through construction of a massive Surfers Paradise tower. (Image source: Shutterstock.com)
The former managing director of a residential property development company that perished owing $323 million to unsecured creditors has been sentenced to four years in prison.
Former Ralan Group Managing Director, William O’Dwyer, was sentenced after pleading guilty to six offences of obtaining a financial advantage by deception.
The District Court of NSW on Friday sentenced Mr O’Dwyer to four years imprisonment with a non-parole period of two y…
