US EditionMelissa Caddick victims reach multimillion-dollar settlement
- Victims of Melissa Caddick have reached a multimillion-dollar settlement after 18 months of proceedings, according to Harding.
- Harding stated that none of the purported investments existed, indicating fraud by Melissa Caddick.
- Investors participating in the class action are expected to recover around 50 percent of their total investment through the settlement, as confirmed by Chapman.
- Out-of-Pocket investors are expected to receive around 39.4 cents on the dollar from liquidation, according to Harding.
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Melissa Caddick's auditors pay $3.5m to duped investors
Investors defrauded by Melissa Caddick before her disappearance and death will recoup a portion of their $23 million in losses after settling a class action lawsuit with her auditors.Victims have already been repaid $7.25 million after liquidators of the dead fraudster sold off her assets in 2023 and 2024.The 32 investors also launched a class action in September 2023 seeking damages from the five firms who audited Caddick's accounts between 201…
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