We recently revealed how he had managed to muscle his way back into the criminal gang after being approached by Mo Courtney, desperate for someone to front his money making operation.
Driven by greed, Calderwood, however, forgot the price he would have to pay in having his name and rape conviction back in the media after all these years out in the cold.
Sources close to Calderwood say he is considering a u-turn after our expose but is determined to find out who contacted Sunday World and leaked the information that was already common knowledge on Belfast's Shankill Road.
According to sources, Calderwood currently remains in position and is the go-to man for C Coy on the orders of commander Courtney who is determined to avoid arrest and end up back behind bars.
"Charlie is the man to go to now, that's where all the money goes through. Mo has nothing to do with that side of things, he's keeping his hands clean," one loyalist source told the Sunday World.
"But Calderwood is absolutely devastated by last week's paper. He can't believe all the rapist stuff is back in the papers again. He thought that was all behind him and he could forget about it but some people around here haven't forgotten."
It has been claimed the Calderwood also works with a football team in the area and had rebuilt his good reputation among the players young enough not to know of his crime.
"He is in turmoil, he was leading a quiet normal life. He was enjoying things but the greed got too much, he couldn't resist the easy money but now he is raging at the attention that decision has cost him already. Gull Hamilton has less to lose," the source said.
Paul 'Gull' Hamilton is also reported to be back but his role is unclear at the moment. He was expelled or stealing money from under the noses of the paramilitary leadership.
However, internal speculation is that Courtney brought Hamilton back into the fold, despite being caught with his hands in the UDA's coffers in 2006. He, alongside Calderwood, ran a very lucrative racket from Rifles Club on the Shankill in their hay day.
Calderwood was always a hate figure among members because of his brutal rape of a nurse in the late '80s. That remains for some today.
Paul 'Gull' Hamilton is a sectarian killer. His victim, Catholic hot dog seller William Bovard, was shot dead in 1976.
Last week we also revealed how a source has claimed two brothers expelled from C Coy with a £7,000 fine went to the Woodvale commander Jim Spence and a drug dealer pal for protection.
A spokesperson for Jim Spence said his client denied any involvement in criminality or membership of the UDA.