The victims of Sydney conwoman Melissa Caddick, who satisfied household and pals to half with as much as $30m in a Ponzi scheme, will get a share of the cash raised from the sale of her belongings.
Caddick, 49, went lacking in November 2020, and is presumed lifeless after her decomposed foot washed up on a seaside on the NSW Far South Coast.
The $3m “initial distribution” cost to be shared between 55 traders was introduced on Thursday by accounting agency Jones Partners insolvency and restructuring.
“This distribution has resulted from receivership property we have realised, in particular the share portfolios and the Dover Heights property that Melissa Caddick resided in,” Bruce Gleeson, Principal at Jones Partners, mentioned.
“In many Ponzi schemes, it is not unusual for investors to receive no return, so we are pleased to be able to make this distribution and anticipate further significant distributions in the future.”
A NSW coronial inquiry in May decided Ms Caddick was almost definitely lifeless, and that she had defrauded traders of between $20m-$30m.
“We have also recently taken possession of the Edgecliff penthouse and are presently preparing it for sale,” Mr Gleeson mentioned.
“The Edgecliff penthouse in the Eastpoint Tower, Edgecliff is in a prime location and the sale of it will importantly enable us to make further significant distributions to nestors.”
Mr Gleeson mentioned an agent had been appointed to record the property initially of September.
Source: www.perthnow.com.au
