Families duped by conwoman Melissa Caddick expose how she sucked them into her web of lies - and reveal the terrible personal cost of losing as much as $4million
Melissa Caddick told one of the many clients she's accused of duping that she was wealthy in her own right and was only providing financial services 'to help people'. 'I don't need to do this,' she told Cheryl Olga Kraft-Reid whose redacted affidavit was one of 11 released by the Federal Court on Wednesday. 'I'm doing it to help people and it's very much restricted to family and friends.' Ms Kraft-Reid, the third member of her family to invest in Ms Caddick's company Maliver, is now at least $366,800 out of pocket and facing a more distant, poorer retirement. 'I set up myself physically, emotionally, mentally, professionally to work for seven more years - everything was in place - and now I anticipate having to work for another 15 years,' she said. Ms Kraft-Reid's family are among 72 clients who parted with more than $30 million between 2012 and 2020, expecting Ms Caddick or her company Maliver would invest it on their behalf. Mel