Court winds up Melissa Caddick’s financial services company

The Federal Court has confirmed that Melissa Caddick and her company, Maliver, carried on a financial services business without holding an Australian Financial Services Licence, contrary to section 911A of the Corporations Act.

As such, the court has ordered Maliver be wound up, with Bruce Gleeson and Daniel Soire of Jones Partners to be appointed as liquidators. The pair have also been appointed receivers of Ms Caddick’s property. 

According to an ASIC statement, the collection and distribution of assets will be handled by the receivers and liquidators, subject to the court’s oversight. 

Ms Caddick, while posing as an adviser, allegedly defrauded investors out of more than $20 million, according to law firm Bridges Lawyers. 

The 49-year-old, went missing from her home in Sydney’s eastern suburbs on 13 November 2020, and her partial remains were found in February this year.

ASIC has continued to pursue the wind-up of her company Maliver in the courts with a view to returning any available funds to investors.