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.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
