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Melissa Caddick's parents in line for $950,000 settlement, court hears

Melissa Caddick Elizabeth Ryan ASIC

Melissa Caddick's parents Barbara and Ted Grimley. (AAP: Bianca De Marchi)

A proposed settlement in the ongoing legal dispute over the Sydney home of alleged fraudster Melissa Caddick's parents, would see the couple paid $950,000 and vacate the property, a court has heard.

Ms Caddick vanished in November 2020, shortly after the Australian Securities and Investment Commission (ASIC) raided her eastern Sydney home as it investigated a multi-million-dollar Ponzi scheme.

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