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Wednesday, February 24, 2021

Melissa Caddick’s trail of ‘emotional and financial devastation’

Missing Dover Heights woman Melissa Caddick left behind a trail of emotional and financial devastation, according to Bruce Gleeson who has been appointed by the court to unravel her complex financial affairs.

After reviewing thousands of pages of financial documents, Mr Gleeson, a principal of insolvency firm Jones Partners, said he could not identify a single genuine document Ms Caddick provided to her investors.

The 49-year-old vanished in mid-November, hours after the Federal Police raided her eastern suburbs home on behalf of the corporate watchdog, ASIC. Court documents have since revealed that Ms Caddick allegedly misappropriated millions of dollars from her clients. 

Investors, most of whom knew and trusted Ms Caddick, were suffering “emotional and financial devastation” with many of them losing their life savings, said Mr Gleeson.

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