Melissa Caddick's luxury home sells for $9.8m

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Melissa Caddick's luxury home sells for $9.8m
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Melissa Caddick's luxury Dover Heights home is the last primary asset to be sold to repay part of the $23 million owed to victims defrauded by the Sydney businesswoman.

The luxury home located in Dover Heights, in Sydney's eastern suburbs, is the last primary asset to be sold to repay a portion of the $23 million owed to victims defrauded in Caddick’s Ponzi scheme.

The mansion, which boasts a direct view of the Sydney Harbour Bridge, was swooped up by a local buyer with the settlement reached last Friday. The property was swooped up by a local buyer, with the settlement reached last Friday. Picture: Realestate.com.au. The watchdog claims Caddick posed as a financial advisor and pretended to invest her clients’ money by forging CommSec statements to make them believe they were earning money.

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