Fleeced client of dead conwoman devastated
A woman ripped off millions by dead Sydney conwoman Melissa Caddick learned of her death moments before going on breakfast radio on Friday.
NSW Police revealed on Friday that Ms Caddick’s remains were found at Bournda Beach, about 25km south east of Bega on the state’s far south coast. Members of the public found her decomposed foot inside a running shoe and reported it to police.
Cheryl Kraft Reid was a long-time friend of Ms Caddick and entrusted her with “millions” of dollars in superannuation.
The conwoman ran a Ponzi scheme in which she transferred investors’ money from her business into her personal accounts instead of investing the funds.
Ms Caddick used an estimated $25m from around 60 investors to buy real estate, including a penthouse in Edgecliff, a ski lodge in Aspen…