‘Con artist of the century’: Investors fear Melissa Caddick stole $40m – Sydney Morning Herald

Her modus operandi was simple. Investors deposited money into the CBA account of her company Maliver. She then created a bogus CommSec trading account for each new client. CommSec clients have an eight-digit account number. Ms Caddick’s fakes had only six digits. Using a cut-and-pasted CommSec logo, at the end of each month she emailed her clients a report.
The shares in which she “invested” her clients’ funds never made a loss. Instead, they showed a dazzling return, sometimes up to 30 per cent….

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