The Federal Court confirmed that Melissa Caddick and her company, Maliver, were operating a financial services business without holding an Australian financial services license, contrary to Section 911A of the Corporations Act.
As such, the court ordered the liquidation of Maliver, with Bruce Gleeson and Daniel Soire of Jones Partners to be appointed liquidators. The couple were also appointed receiver of Ms. Caddick’s property.
According to an ASIC statement, the collection and distribution of assets will be handled by the trustees and liquidators, subject to court control.
Ms Caddick, while posing as an advisor, allegedly defrauded investors of more than $ 20 million, according to the law firm Bridges Lawyers.
The 49-year-old woman went missing from her home in Sydney’s eastern suburbs on November 13, 2020, and her partial remains were found in February this year.
ASIC continued to pursue the liquidation of its Maliver company in court with a view to returning available funds to investors.