Investors swindled by Sydney businesswoman a step closer to getting money back

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A court finds missing Sydney businesswoman Melissa Caddick broke the law by operating without the required financial services licence, ordering her company be wound up and permanent receivers appointed.

Dozens of investors who were swindled out of millions of dollars by missing Sydney businesswoman Melissa Caddick are a step closer to getting some of their money back.ASIC has been pursuing court action to recoup more than $23 million left owing to 72 clientsThe 49-year-old, who posed as a financial adviser, went missing from her eastern suburbs home on November 12 last year, leaving investors almost $24 million out of pocket.

Two campers found a foot, which DNA testing showed belonged to Ms Caddick, on Bournda Beach near Tathra months after she went missing.ASIC has been pursuing court action to try to recover as much money as possible for her 72 clients, but the court has previously heard arguments her assets shouldn't' be liquidated until a Coroner has declared her dead.

"Until now we have only been able to investigate and also safeguard and secure assets," Mr Gleeson said. Ms Caddick left her home for a run in November last year but without taking her mobile phone, wallet or keys and hasn't been seen since.

 

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Her biggest gamble was to do it alone. Should she joined politics or a corporate management, she wouldn't have to resort to fleeing or killing herself when things go south. Banks and governments are fucking us over through way worse in white gloves and no one bats an eye. RIP

What word rhymes with schadenfreude?

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