Melissa Caddick’s family is told her cars, houses and even JEWELLERY will be sold off as authorities try to pay back $30million conwoman stole from clients and loved ones
The family of conwoman Melissa Caddick have been informed her exotic cars, luxury properties and expensive jewellery will be sold off, as liquidators try to recoup some the money for her victims.
Formal notice was given to her parents, husband and brother on Wednesday after a Federal Court this week declared the assets of the mother-of-one, who vanished on November 12 last year, should be distributed to duped investors.
Solicitor Michael Hayter, acting on behalf of court-appointed liquidators confirmed to the Sydney Morning Herald: ‘I have been instructed to immediately issue notices,’ and that the family now have just 15 business days appeal the decision.
Justice Brigitte Markovic ruled on Monday that Caddick had provided unlicensed financial advice between 2012 and 2020 under her company Maliver.
The Australian Securities and Investments Commission have been trying to recover some of the live-savings her 72 clients poured in the scam, which funded Ms Caddick’s lavish lifestyle of luxury clothes, real estate and overseas holidays.
Investors were scammed out of about $30million before the financial watchdog cottoned onto the Ponzi scheme and raided the 49-year-old’s home last year.
Justice Brigitte Markovic ordered Maliver should be wound down, with what’s left of the company to be divvied up between those who are owed money.
More to come.