Melissa Caddick's victims are delivered a huge $4million win after they were duped by the fraudster Judge orders $4.25million be shared among victims The 55 victims will receive 32 cents on the dollar Caddick's assets, including million-dollar homes were sold She vanished in December 2020 and has not been seen since READ MORE: Melissa Caddick theory reemerges four years after she vanished By Steve Zemek For Nca Newswire Published: 02:59 BST, 7 August 2024 | Updated: 02:59 BST, 7 August 2024 e-mail View comments The victims of fraudster Melissa Caddick will be paid more than $4m after the Federal Court approved the biggest distribution yet to those swindled by her dodgy investment scheme. The repayment comes following the sale of a slew of her assets and luxury items, with Justice Brigitte Markovic on Wednesday making orders that $4.
25m be distributed to fleeced investors. It represents an increase of 18 cents on the dollar distributed to every wronged investor, and takes the total distribution to investors so far to 32 cents on the dollar. A $3m initial distribution payment, to be shared between 55 investors, was announced last year by accounting firm Jones Partners.
Receivers have sold many of Caddick's assets, including cars, designer jewellery and two multimillion-dollar homes. Much of the $4.25m distribution comes from the sale of her Edgecliff apartment in March.
The luxury eastern suburbs penthouse was sold for an undisclosed sum, after being initially listed for auctio.