Tweet Facebook Mail Melissa Caddick's victims are set for more compensation after a court approved the biggest distribution of the fraudster's assets to date. The group of defrauded investors should be paid $4.25 million within two days, Justice Brigitte Markovic ruled today in a Federal Court hearing.
It is the second court-enforced distribution of Caddick's assets after liquidators recouped $3 million of the dead fraudster's money for a payment made in 2023. DAY 11 WRAP: Gold at 14, Boomers bounced, world record at the velodrome Melissa Caddick's victims are set for more compensation after a court approved the biggest distribution of the fraudster's assets to date. (Nine) Her luxury penthouse was sold in March for around $5 million , less than the $5.
5 million asking price for the apartment atop the Eastpoint Tower in Sydney 's well-heeled eastern suburbs. But the combined $7.25 million paid to victims still only represents a fraction of the money she swindled.
Caddick, a self-styled financial adviser, plundered around $23 million from family and friends via an investment scam while living a life of luxury from the proceeds. READ MORE: Kamala Harris picks Tim Walz as running mate in US election The $3 million previously paid to investors came following the sale of her share portfolio and Dover Heights clifftop mansion. The 49-year-old disappeared in November 2020, days after her luxury home was raided by ASIC agents investigating reports of her Ponzi scheme.
Coroner Elizabeth Ryan in May 2023 ruled Caddick was dead, but she was unable to determine the cause as most of her body had not been found. The fraudster's badly decomposed right foot, which was still attached to a running shoe, washed up on a beach on the south coast of NSW in February 2021. Caddick's husband Anthony Koletti was the last person to report seeing her alive and was the one who declared her missing.
But the coroner found he purposely withheld information relating to his wife's disappearance and could not be ruled out from being somehow involved. Watch every moment, every medal of the Olympic Games Paris 2024 live and free on Channel 9 and 9Now . Plus, every event ad-free and in 4K on Stan Sport .
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