Chanticleer
Don’t let fraud kill financial advice
Paying for sound financial advice is essential in a world where slick product spruikers and fraudsters have used low interest rates to take money from naive investors.
When Chanticleer this week heard a first-hand anecdote about Melissa Caddick, the Sydney woman who stole about $30 million using a Ponzi scheme, it gave an insight into her flawed personality.
The incident happened 20 years ago when a Sydney fund manager was approached by a friend and asked to give Caddick a job. After the friend spoke highly of her, the fund manager gave her a mundane clerical job in the back office.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles