Melissa Caddick turns out to have worked eight years without a financial services license

The Federal Court has determined that the missing woman Melissa Caddick was involved in unauthorized conduct prior to her disappearance.

The court ruled that Ms. Caddick operated without the proper financial license from October 2012 to November 2020.

Her company Maliver, which handled tens of millions of investors’ money, operated from June 2013 to November 2020 without the required license.

Federal police raid Mrs. Caddick’s home just days before her disappearance. (Nine)

Ms Caddick disappeared from her home in Sydney’s Dover Heights on November 12 last year, days after Australian Federal Police raids following a tip that she was making investments.

In February, the remains of a human foot belonging to Mrs. Caddick were confirmed to have washed up on a south coast beach more than 250 kilometers away.

A coroner’s report on her disappearance and presumed death has yet to be pronounced.

Following today’s Federal Court decision, Jones Partners’ Bruce Gleeson and Daniel Soire have been appointed trustees of the properties of Ms. Caddick and Maliver’s liquidators.

A bunch of flowers by the fence in front of the house in Dover Heights of Anthony Koletti, Melissa Caddick and her 15-year-old son.  Some of the remains of Melissa Caddicks were found on Bournda Beach on the south coast of NSW.  Dover Heights, Sydney, NSW.  February 26, 2021. Photo: Kate Geraghty
Mrs. Caddick’s house in Dover Heights will be sold to repay her victims. (Kate Geraghty)

Ms Caddick’s assets — including her $6 million Dover Heights home — will be sold in a bid to repay 72 customers who say they owe more than $23 million.

A forensic analysis of Ms. Caddick’s financial affairs revealed that she had created false documents using a CommSec letterhead with forged account numbers to show investors the return on her investments.

Some customers received payouts, presumably with credit injected into Maliver by other investors.

William Tyrell (3) was playing and wearing a Spider-Man costume when he disappeared from the front of his grandmother's house in Kendall, NSW, on September 12, 2014.  He was initially thought to have encountered nearby bushland, but police later looked into the possibility of human intervention.

Without a Trace: Unsolved Cases of Missing Australian Children

The Australian Securities and Investments Commission (ASIC) received an anonymous tip about Ms Caddick’s behavior after a legitimate financial services firm discovered she had used their license number without permission.

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