Case brought by 24 defrauded investors alleges auditors were negligent, engaged in deceptive conduct and breached the Corporations Act
Melissa Caddick, a self-styled financial adviser, lived a life of luxury on the back of about $23m stolen mostly from family and friends via an investment scam.Melissa Caddick, a self-styled financial adviser, lived a life of luxury on the back of about $23m stolen mostly from family and friends via an investment scam.conwoman Melissa Caddick have made a fresh attempt at clawing back some of their lost money by launching a class action against several of her auditors.
The case was taken against some of the auditors engaged by Caddick to conduct annual audits of her client’s self-managed superannuation funds .It alleges auditors failed in their duties and were negligent, engaged in misleading or deceptive conduct, breached their contract and breached the Corporations Act.
Caddick, a self-styled financial adviser, lived a life of luxury on the back of about $23m stolen mostly from family and friends via an investment scam. Instead, their “investments” never existed and the money was fraudulently used by Caddick to fund her lavish lifestyle.
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