<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Investors defrauded by </span><a href="https://www.9news.com.au/melissa-caddick" rel="" target="_blank" title="Melissa Caddick"><span>Melissa Caddick</span></a><span> who have recouped losses through a class action will not benefit from a final payout from liquidators of her property.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Caddick was a self-styled financial advisor who conned 55 family and friends out of $23 million between 2012 and 2020 and lived a life of luxury through her investment scam.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The 49-year-old disappeared in November 2020, days after her luxury home in </span><a href="https://www.9news.com.au/sydney" rel="" target="_blank" title="Sydney's"><span>Sydney's</span></a><span> affluent east was raided by ASIC agents investigating her Ponzi scheme.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/world/us-israel-iran-war-live-updates-may-21-donald-trump-latest-world-news-headlines/525613a3-c84c-4e08-8d87-94949382211a" rel="" target="_blank" title=""><strong><span>Trump's bizarre UFC posters emerge</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Liquidators retained to claw back the lost funds have completed their task with the Federal Court approving one final repayment to investors.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>About $7.3 million had already been sent back in two tranches to victims, ensuring they received 31.4 cents in the dollar back, barrister Nicola Bailey said during a court hearing on Wednesday.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The distribution of a third payment of just under $100,000 was green-lit by Justice Brigitte Markovic.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/melissa-caddick-con-woman-victims-share-small-pot-final-cash/eba54293-a47c-4d12-9e82-10dbffea4a6d" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/bondi-beach-terror-attack-man-charged-with-stealing-victims-camera-equipment/3afc712c-b88d-459f-8ca9-e628b147103e" rel="" target="_blank" title=""><strong><span>Man charged with stealing Bondi terror attack victim's camera</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>This will be split between investors who were not able to benefit from a separate $3.5 million class action settlement approved by the court in April 2025.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>That action was run on behalf of self-managed superannuation funds who were defrauded by the 49-year-old.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Five auditors accused of failing to identify fraudulent documents made the multimillion-dollar payout but did not admit liability.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/household-debt-australia-why-we-feel-poor-despite-being-among-worlds-richest-countries/79fe0a69-9ec1-4094-b924-f02be903fc8c" rel="" target="_blank" title=""><strong><span>Australia ranks among the richest countries. So why do we feel 'poor'?</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Bailey said on Wednesday 23 of Caddick's investors did not participate in the class action.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The liquidators from Jones Partners supported giving the extra funds solely to those who had not received a slice of the settlement, she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"'(That) is the scenario which best seeks to restore the balance to the extent possible with such a small pot," she told the court.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Investors eligible for the settlement had wished for more money from the liquidator's pool of cash.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, no one had objected in court to divvying up the remaining $100,000 only between non-class action investors, Bailey said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Combining these approved funds and the class action payout, the average return to all investors is 45.5 cents to the dollar.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Justice Markovic approved a further $55,000 payment to Jones Partners to cover its work.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>That amount will come out of money clawed back from selling Caddick's assets including her homes in Edgecliff and Dover Heights in Sydney's east and luxury items such as jewellery.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The 49-year-old engaged in "a sham or facade" using her company Maliver to transfer investor funds, Justice Markovic found in November 2021 in a separate Federal Court lawsuit brought by the Australian Securities and Investments Commission.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Maliver was used to conceal that victims' funds were spent on Caddick's lavish lifestyle instead of being used to buy shares for their self-managed superannuation funds, the judge said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Coroner Elizabeth Ryan in May 2023 ruled Caddick was dead, but she was unable to determine the cause because most of her body had not been found.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The fraudster's badly decomposed right foot, which was still attached to a running shoe, washed up on a beach on the south coast of NSW in February 2021.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Caddick's husband Anthony Koletti was the last person to see her alive and declared her missing.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He withheld information relating to his wife's disappearance and could not be ruled out from being involved, the coroner found.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>