{"id":818600,"date":"2026-07-23T11:34:10","date_gmt":"2026-07-23T11:34:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/818600\/"},"modified":"2026-07-23T11:34:10","modified_gmt":"2026-07-23T11:34:10","slug":"melissa-caddick-update-victims-find-out-how-much-theyll-get-back-from-con-artist-of-the-century","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/818600\/","title":{"rendered":"Melissa Caddick update: victims find out how much they\u2019ll get back from \u2018con artist of the century\u2019"},"content":{"rendered":"

The family and friends conwoman Melissa Caddick<\/a> ripped off in her $23 million Ponzi scheme will get back just 40 cents for every dollar they invested.<\/p>\n

It\u2019s been almost six years since the 49-year-old\u2019s disappearance, the day before federal police<\/a> raided her Dover Heights home on behalf of corporate regulator ASIC.<\/p>\n

\"\"<\/p>\n

Melissa Caddick was last seen in November 2020.\u00a09News<\/p>\n

Fifty-five family members and friends thought she was investing their money<\/a> in shares but instead the money was funding a luxury lifestyle including, shoes, clothes, jewellery and private jets.<\/p>\n

Insolvency firm Jones Partners, which was tasked with unravelling Caddick\u2019s dealings, managed to find and sell hidden assets, including her son\u2019s $17,000 sneaker collection,<\/p>\n

They sold $860,000 in jewellery and the Dover Heights property, which fetched $9.8 million.<\/p>\n

Bruce Gleeson, the court-appointed receiver from insolvency firm Jones Partners, said it was \u201cone of the most challenging and long-running<\/a>\u201d appointments of his career.<\/p>\n

\u201cWe\u2019re proud to have achieved recoveries that allowed us to return almost 40 cents in the dollar to investors who placed their trust in Caddick as their financial adviser,\u201d he said.<\/p>\n

\"\"<\/p>\n

The body of Melissa Caddick was found on the NSW South Coast.\u00a0James Brickwood<\/p>\n

\u201cThe emotional and financial toll on those investors, when they realised their savings were anything but safe, was never lost on us throughout this process.\u201d<\/p>\n

Caddick\u2019s partial remains were found in February 2021, three months after she vanished.<\/p>\n

The coroner accepted evidence she may have taken her own life faced with the loss of her family, friends, career and reputation.<\/p>\n

Her victims are coming to terms with the emotional and financial toll Caddick caused.<\/p>\n

\u201cWe, the investors, now have closure of the challenging, traumatic and emotional chapter,\u201d one investor told The Sydney Morning Herald.<\/p>\n

Another called Caddick the \u201ccon artist of the century\u201d.<\/p>\n

\u201cI was dry retching when I found out,\u201d they told the newspaper.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The family and friends conwoman Melissa Caddick ripped off in her $23 million Ponzi scheme will get back…\n","protected":false},"author":2,"featured_media":818601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-818600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/818600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=818600"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/818600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/818601"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=818600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=818600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=818600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}