Sydney businesswoman Melissa Caddick has left investors almost $24 million out of pocket — more than previously thought — the Federal Court has heard.
The court heard Ms Caddick’s business was a front for a ponzi scheme
Ms Caddick convinced about 72 investors to provide her with $32 million
Ms Caddick vanished the day after ASIC raided her home
Ms Caddick’s decomposed foot was found washed up on a remote beach on the NSW South Coast three months after she disappeared from her Dover Heights home in Sydney’s eastern suburbs .
The 49-year-old went missing on November 12, 2020 — the day after her house was raided as part of an Australian Securities and Investments Commission (ASIC) investigation into her finances and her financial services company Maliver.
At a hearing on Tuesday to recoup some of the money Ms Caddick’s clients are owed, the barrister for ASIC, Farid Assad SC, said her financial services business,…