Melissa Caddick’s victims to share initial $3m payout

Melissa Caddick’s victims will receive their first repayment of funds the fraudster stole as $3 million is distributed among 55 investors.

“We have made a first and interim distribution to investors totaling $3 million,” said Bruce Gleeson, a principal at Jones Partners, the court-appointed receiver of Caddick’s property.

The interim distribution has come largely from the sale of…