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ARTICLE · 17 FEBRUARY 2021

Operating a financial services business without a licence in Australia

Operating an FSB without a licence. Recent case involving Ms Caddick discussed. Ponzi schemes, fraud, faking death etc.

AustraliaFinance and Banking

New South Wales Police believe that missing Sydney woman Melissa Caddick is still alive, despite the fact she has not been seen since she disappeared without a trace on 12 November 2020.

Ms Caddick did not take her mobile phone, wallet or keys when she left her home in Dover Heights in the early hours of the morning. Police believe her conduct suggests she may have done left the items behind to make it look like she had become the victim of a crime.

Caddick's home, which is where she worked as a financial adviser, was raided by the Australian Federal Police the day before her disappearance as part of an ongoing investigation by the Australian Investment and Securities Commission (ASIC) into allegations she had been operating a financial services business without a licence.

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