Human remains found by a group of people walking along Bournda Beach last weekend, about 25 kilometres south-east of Bega, were confirmed by NSW Police on Friday morning as those of missing woman Melissa Caddick.
The 49-year-old was seen at her Dover Heights home on the evening of Wednesday, 11 November. She was reported missing on Friday, 13 November.
NSW Police has indicated it will continue to conduct inquiries, with the assistance of the Missing Persons Registry, into the circumstance of Ms Caddick’s death. There are set to be further searches around the Bournda Beach area and along the NSW coastline.
Ms Caddick, while posing as an adviser, allegedly defrauded investors out of more than $20 million, according to law firm Bridges Lawyers.
ASIC had raised concerns that her firm Maliver may have been providing financial services without an AFSL, or with the AFSL of another company without authorisation, to unlawfully deal with investor funds.
The Federal Court made interim orders against Ms Caddick and Maliver in November, including a prohibition against her leaving Australia and removing assets held in Australia.
But Ms Caddick had not shown at the first case management hearing of the matter, having vanished.
The regulator moved to liquidate her assets in December.
[quote=Anonymous]Yes of course what about the other parts washing up now then?[/quote][quote=Anonymous]Yes of course what about the other parts washing up now then?[/quote
There was no other body parts washed up relevant to Melissa C. ]
Cowardly women screws over husband and leaves 15 year old son. She would been paroled in about 2-3 years, especially if she pulled the domestic abuse card husband was a tyrant who wanted to live the high life
There are many parts to this story which will continue to be found in the wash up…
I notice the reporter is ashamed to put their name against this “click-bait” article. Why did the editor not pick up that there is no body, but a foot in a shoe? How can i trust IFA as a source of accurate financial news coverage?
Even though every other media outlet in the country has been doing the right thing in not referring to Caddick as a financial adviser or financial planner, Fairfax continues to deliberately lie about this as part of their indiscriminate vilification campaign against genuine financial advisers. Even in today’s SMH story reporting her death, Caddick is described in a photo caption as a “financial planner”.
Melissa Caddick certainly appears to have caused great financial harm by her alleged fraud. But thankfully the number of people impacted was relatively low. Adele Ferguson & Kate McClymont have also caused great financial harm, by pushing consumers towards bad advice and dodgy products through their deliberate vilification campaign against genuine financial advisers. While the harm to individual consumers may be lower than Caddick’s, the number of people they have pushed into harms way would be thousands of times greater.
Whatever Google and FaceBook have been cajoled into paying Fairfax, it’s too much. The likes of Adele Ferguson & Kate McClymont are not “fact based journalists”. They are no better than the anti-vaxxers and QAnon brigade.
ABC reported her as Financial Adviser as well. Being paid by ISF they would though.
Hate how the Guardian etc refer to her in article and headlines as “Financial Adviser”. She was not licensed and in no way was a planner. Surely the FPA or AFA could write to them and request a refrain/retract that?
When that false Indian surgeon was found out they never dared called him a Dr or surgeon but always referred to him as the ‘false doctor’ etc.
ASIC also doesn’t help with their purposely tarnishing media releases.
Selfish to the end
Very sad for her teenage son.
It was a foot in a shoe
She is probably waltzing around the Bahamas on crutches
As the saying goes…crime doesn’t pay! Probably hit by the karma bus as she crossed the street.
What WAS she thinking???
The legislation that was nodded through parliament yesterday creates a section 962X in the Corporations Act and the penalty for breaching it is 5 years jail:
[i]A fee recipient in relation to an ongoing fee arrangement must keep records sufficient to enable the fee recipient’s compliance with this Division in relation to the ongoing fee arrangement to be readily ascertained.[/i]
We have seen during the Covid-19 market fall, there is a need and a demand for financial advice. We can see in Melissa Caddick’s case even professionals like accountants and auditors do not make even the simplest checks whether somebody actually is a financial adviser or checks whether their documents are in any way real.
If you make the provision of legal financial advice too difficult, then the demand will be provided for by illegal financial advice.
Are we already seeing this happening with Money Coaches, Financial Counsellors etc? It is telling that many of the public faces of financial advice giving advice in the media either have never been licensed or returned their financial services licence.
Financial Counsellor are free and do not give personal financial advice. I know it’s semantics, but they are not Money Coaches.
It wasn’t her body. It was a foot in a shoe.
Yes! Someone highly unstable and desperate with plenty of money could easily pay someone to amputate that foot and then sail on with the rest of their lives under a new assumed identity….
Yes of course what about the other parts washing up now then?
That wasn’t parts of her body.
Very sad to hear of her passing, it is a shame the media don’t refer to her as ‘Imposter Financial Adviser’ or similar.
Paper refers to her as such…Financial planner Melissa Caddick went missing in November after a corporate watchdog raid on her home.
Taken by a SHARK. KARMA – Same thing happened to her clients…..