Director of real estate developer Ralan Group suspected of misappropriating investor funds to buy Bitcoin

According to U.Today, real estate developer Ralan Group is currently insolvent. Chinese and Australian investors investing in it have now declared their investment failed, but William O ', the company's sole director and founder of Ralan Group, has failed. Dwyer appears unaffected. Financial Review reports that William O'Dwyer spent some of his investors' money on bitcoin and luxury vacations. However, it is unclear how much bitcoin he bought with funds withdrawn from Ralan Group.