Flamboyant Melbourne property developer Mark Stanley – the brains behind Australia’s first gay public company, the Satellite Group, faces a lengthy jail term after pleading guilty to two charges of stealing $2.79 million from investors. The private investors were told their money would purchase land for a retirement village at Berwick, outside Melbourne. They were promised they’d get all their money back on completion, plus interest payments of 13% a year once the village was built. But the land was never purchased.