Sydney businesswoman Melissa Caddick has left investors almost $24 million out of pocket — more than previously thought — the Federal Court has heard.

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,…

Read full article at www.abc.net.au

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