Melissa Caddick’s clients, who were swindled out of millions by the Sydney fraudster, are inching closer to getting some of their money back.
Key points:
- Melissa Caddick’s properties at Dover Heights and Edgecliff will likely be sold later this year
- A 2016 Audi R8 V10 and 2016 Mercedes-Benz CLA45 AMG will go under the hammer on February 21
- Ms Caddick misappropriated investors’ money over a period of eight years to buy real estate, luxury goods, and holidays
The 49-year-old disappeared from her eastern suburbs home in November 2020 after posing as a financial adviser and leaving 72 investors more than $23 million out of pocket.
Ms Caddick’s decomposed foot was later found on Bournda Beach near Tathra, about 500 kilometres from Sydney, three months after she went missing.
Liquidator Bruce Gleeson from Jones Partners today announced two luxury cars owned my Ms Caddick’s company Maliver Pty Ltd would go under the hammer later this month.
A 2016 Audi R8 V10 and 2016 Mercedes-Benz CLA45 AMG will be auctioned online at 6pm on February 21.
The original price of the luxury rides when purchased new came with a minimum price tag of $142,000 and $89,000 respectively.
Ms Caddick’s five-bedroom family home in Dover Heights, which she bought for $6.2 million in 2014, is also expected to go on the market in the coming months.
Mr Gleeson said the liquidation of Ms Caddick’s assets was a critical step towards reimbursing the many victims of her Ponzi scheme.
“This is an important step…
