Melissa Caddick Wiki
Melissa Caddick Biography
Melissa Caddick is an eagle-eyed potential investor who has reportedly escaped financial ruin after suspecting the account a missing millionaire provided to make a $ 250,000 deposit. Caddick left her home in Dover Heights, eastern Sydney, on November 12, just two days after authorities raided her home and seized her property.
Caddick is the subject of an investigation by the Australian Securities and Investments Commission after allegedly defrauding investors with more than $ 13 million in savings.
Melissa Caddick Age
Melissa Caddick is 49 years old.
Melissa Caddick disappeared after suspecting
More than 60 devastated clients who told ASIC that they gave their cash to Ms Melissa Caddick now fear that they will never be able to get their precious earnings back for life. But a woman and her husband were able to escape unscathed after the wife suspected the financial advisor was running a scam, a court has heard.
Witness A said that she and her husband, known as Witness B, were introduced to Ms. Caddick in mid-2019 by a “good friend,” a surgeon, who had met with the financial advisor through a colleague, says the affidavit. The surgeon told Witness B that Ms. Caddick had “doubled” her colleague’s investments in 12 months and that her services were exclusive, only accepting new clients if others dropped out.
Interested, Witness B contacted Ms. Caddick, who said that she could generate an annual profit of 20 to 30 percent and would require a deposit of $ 250,000.
But her wife was “concerned that the account that Ms. Caddick had requested for the initial transfer would not look like a trust account,” the affidavit says.
Witness A began researching Ms. Caddick’s company, conducting an ASIC search on her ABN, ACN, and the Australian financial services license number she provided, and consequently learned that her company Maliver did not have a current license.
When contacted by companies linked to the AFSL numbers, Witness A was told that none were associated with Ms Caddick, the document says.
After learning this information, the couple decided not to transfer their money to Ms. Caddick.
Ms. Caddick had been Maliver’s sole shareholder and director, and her disappearance made the task of securing investors’ money more difficult. She is accused of misusing tens of millions of investors in Maliver, which included a Perth doctors union.
Bombshell Emails Reveal How Melissa Caddick Engaged Customers Through Word of Mouth
In an email to a prospective client on April 3 of this year, missing businesswoman Melissa Caddick wrote, “I’ll take care of you.”
That’s because, unlike many of the unidentified investors who trusted Caddick with her money, she managed to recoup her $ 2.5 million investment, plus a $ 300,000 profit. The e-mails and testimonies filed in Federal Court give insight into how Ms. Caddick allegedly ran her “wealth management” business.
Documents may be disclosed as trustees and liquidators were formally appointed over Ms. Caddick’s business and personal assets, Maliver Pty Ltd.
Recipients will have the power to take control of Caddick’s two multi-million dollar properties, in Dover Heights and Edgecliff.
An investor recalled meeting Ms. Caddick for the first time through a mutual friend while on vacation in Aspen, Colorado, last January.
They became friends and met months later for coffee in Woollahra in eastern Sydney to discuss options. The investor even had dinner with Ms. Caddick at her home.
In an email, Ms. Caddick allegedly told the investor to deposit her money into his Commonwealth Bank account, so that she apparently could purchase shares on behalf of the investor.
“I’ll take care of you,” Caddick said, according to court documents. “I’m being cautious and I take opportunities when they present themselves.”
Ms. Caddick allegedly sent the woman a “Financial Services Guide” for Maliver using another counselor’s financial services license.
After informing the investor of the 0.75 percent annual fee she charged, Caddick allegedly told the investor to pay.
As Daily Mail Australia previously reported, this investor allegedly only got the money back from her after meeting the same financial advisor whose license Ms Caddick was allegedly using, during a meeting.