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Ponzi scheme victims of Melissa Caddick may finally get some justice as a judge ruled her multi-million dollar Sydney home and investment firm should be handed over to receivers.
The Federal Court on Monday declared the mother-of-one, who vanished on November 12 last year, had provided unlicensed financial advice between 2012 and 2020 under her company Maliver.
The Ponzi scheme victims Melissa Caddick may finally get some justice as a judge ruled her multi-million dollar Sydney home and investment firm should be handed over to receivers
As an ASIC investigation closed in on her $30million scam, Caddick left her luxury $6.2million Dover Heights home in Sydney's Eastern Suburbs (pictured) for a dawn run and vanished
However, the liquidators will still require court approval before taking possession of Ms Caddick and Maliver's property, realising assets and distributing the proceeds of those sales.
That was due to the unusual circumstances of the case, including Ms Caddick's vanishing, complexities arising from potential claims by non-investors over Ms Caddick's property and the potential for different classes of investors making different claims, Justice Brigitte Markovic said.
Ms Caddick is likely deceased after the remains of her foot washed up on a NSW beach in February, having disappeared the day after the corporate regulator raided her Dover Heights home in
