The vic­tims of fraud­ster Melis­sa Cad­dick will be paid more than $4m after the Fed­er­al Court of Aus­tralia approved the biggest dis­tri­b­u­tion yet to those swin­dled by her dodgy invest­ment scheme.

A spe­cial thanks goes to Jones Part­ners, Bruce Glee­son, Daniel Soire, Mar­tin Vu and Vanes­sa Duck­worth who entrust­ed Michael Hayter and the team at Swaab to under­take all the legal work in the insol­ven­cy admin­is­tra­tion of Melis­sa Cad­dick, arguably the No. 1 insol­ven­cy admin­is­tra­tion over the past few years.

Michael Hayter appeared on behalf of Jones Part­ners in the Fed­er­al Court last week where­by Jus­tice Markovic approved a fur­ther dis­tri­b­u­tion to cred­i­tors in the Administration.

As was report­ed exten­sive­ly in the media last week Jones Part­ners are again pay­ing a div­i­dend to cred­i­tors mak­ing a total of $0.32 in the dol­lar with more to come, an extra­or­di­nary result in a Ponzi scheme insol­ven­cy administration.

The legal issues have been both extreme­ly com­plex and rewarding.

Michael Hayter also acknowl­edges the team at Swaab, Kel­lie Van Mun­ster and Sonitha Naick­er for their ongo­ing invalu­able contributions.

To read the full arti­cle click here 

If you would like to repub­lish this arti­cle, it is gen­er­al­ly approved, but pri­or to doing so please con­tact the Mar­ket­ing team at marketing@​swaab.​com.​au. This arti­cle is not legal advice and the views and com­ments are of a gen­er­al nature only. This arti­cle is not to be relied upon in sub­sti­tu­tion for detailed legal advice.

Publications

Res­i­den­tial Ten­an­cies Act 2010 (NSW) reforms and oblig­a­tions of land­lords — effec­tive from 19 May 2025

Intro­duc­tionThe Res­i­den­tial Ten­an­cies Act 2010 (NSW) (the Act) and the Res­i­den­tial Ten­an­cies Reg­u­la­tion 2019 (NSW) (the Reg­u­la­tions) have under­gone some sig­nif­i­cant…

Fail­ing to Reg­is­ter a PPSR Secu­ri­ty Inter­est on Time – Legal Risks and Options

Intro­duc­tionTime­ly reg­is­tra­tion of secu­ri­ty inter­ests under the Per­son­al Prop­er­ty Secu­ri­ties Act 2009 (Cth) (PPSA) is essen­tial for secured cred­i­tors to…

Con­struc­tion con­tracts are more than just a doc­u­ment — remove con­trac­tu­al claus­es at your peril

Your con­struc­tion con­tract will map out the path­way to your build­ing project com­plet­ing on time and with­in bud­get and detail­ing…

In the News

Press Release | New Part­ner Appoint­ment — Mark Glynn

With over two decades in the indus­try, Mark is a recog­nised front-end con­struc­tion lawyer spe­cial­ist with­in the build­ing and con­struc­tion indus­try. Mark…

Press Release | New Asso­ciate Appoint­ment — Hugo Mahony

“As we con­tin­ue to expand in line with our strate­gic vision, Hugo’s deep knowl­edge and expe­ri­ence in Com­mer­cial, Cor­po­rate, IP…

Michael Byrnes is quot­ed in the arti­cle, Police and Safe­Work are inves­ti­gat­ing MAFS, but the show keeps win­ning the rat­ings race”, pub­lished on ABC News on 6 April 2025

Michael Byrnes is quot­ed in the arti­cle, ​“Police and Safe­Work are inves­ti­gat­ing MAFS, but the show keeps win­ning the rat­ings…

Sign up for our Newsletter

*Mandatory information