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Melissa Caddick, a Sydney-based financial advisor, disappears after a raid on her house. The podcast explores the lack of trust in the justice system and financial advisors, the investigation into Melissa's disappearance, her Ponzi scheme and financial fraud, and the ongoing recovery efforts of her victims.
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Quick takeaways
- Melissa Caddick deceived investors through a Ponzi scheme, using fake account statements and diverting their investments for personal use.
- Authorities froze Melissa Caddick's bank accounts containing around $4 million and confiscated evidence of her fraudulent activities during a raid at her home.
Deep dives
Melissa Catech's Ponzi Scheme and Luxurious Lifestyle
Melissa Catech, a former financial advisor, defrauded clients through a Ponzi scheme, diverting their investments for personal use. She used fake account statements to deceive investors and spent the funds on luxury items, overseas vacations, and a $2.5 million mansion. Melissa's clients included family members, friends, and professionals who entrusted her with their life savings.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode