Expensive houses, jewelry and luxury cars could all be sold to pay back the people who had been scammed by Melissa Caddick before she disappeared.
The mystery of Melissa Caddick’s disappearance may never be revealed, but the inspiration for the Sydney silencer’s crimes may well be the biggest financial fraud there is: Berni…
The mystery of Melissa Caddick’s disappearance may never be revealed, but the inspiration for the Sydney silencer’s crimes may well be the biggest financial fraud there is: Bernie Madoff.
Melissa Caddick’s properties and luxury cars could be sold to reimburse investors scammed by the missing con man.
A company that has been tasked with liquidating and trusting Ms Caddick’s assets issued an update to investors on Wednesday.
The company, Jones Partners, listed assets it would like to sell, including Ms Caddick’s property in Sydney’s exclusive suburbs of Dover Heights and Edgecliff.
The $7 million home in Dover Heights was raided by Australian Federal Police on November 11, 2020 as part of an Australian Securities and Investments Commission (ASIC) investigation into Ms Caddick and her company Maliver.
She disappeared the next day.
Her decomposed foot, still encased in an Asics running shoe, was discovered on February 21 on Bournda Beach near Tathra.
An Audi R8 sports car and a Mercedes-Benz are other assets up for auction.
The list also includes jewelry that has been determined to have been purchased with investor money, as well as stocks and other assets.
« We are also investigating other potential claims, including whether there is an opportunity to claim tax refunds from the Australian tax office, as a significant majority of the company’s taxable income was fictitious, » Jones Partners said in a statement to reporters.
The company also said more claims could be available to investors who had been involved in Ms Caddick’s self-managed pension funds.
« Such claims should be further evaluated, but are likely to be to the detriment of the auditor and potentially other professionals involved in the audit process and could potentially take the form of a class action, » the statement said.
Jones Partners also said the tax office had set up a special working group to answer tax questions from investors.
Jones Partners’ Bruce Gleeson and Daniel Robert Soire were appointed as interim liquidators and trustees in December.
The Federal Court will hear the Caddick case on June 29 and 30 and could then potentially formalize the company’s appointment, Jones Partners said.
The company also plans to hold an investor briefing on June 23.
Mr. Gleeson has previously told reporters that it appeared that Ms. Caddick had tricked investors into giving her money that she used to lead an extravagant lifestyle.
She was « scrupulous and systematic » in the way she « lured » investors to hand over money, sometimes their savings, he said in February.
“The way she continuously showed investors that their investments were safe, that their investments were increasing in value.
“All investors believed that everything was going well. But of course nothing could be further from the truth.”
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