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Melissa Caddick pictured throughout the ASIC raid on her Dover Heights mansion, simply hours earlier than she disappeared in November, 2020. Image: NSW Police.
Almost three years after fraudster Melissa Caddick disappeared, her 55 victims are getting their first payout, because the brokers have been appointed to promote her Edgecliff penthouse.
The household and associates that she ripped off to the tune of $23.5m haven’t acquired a cent because the con artist vanished in November 2020, simply hours after her Dover Heights house was raided by ACIC.
Her foot washed up in a working shoe on a south coast seashore three months later.
However immediately liquidator Bruce Gleeson of Jones Companions introduced: “We’ve made a primary and interim distribution to traders totalling $3,000,000.”
This will probably be distributed among the many 55 traders.
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Melissa Caddick Melissa, 49, who disappeared in November 2020, along with her accomplice Anthony Koletti.
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And it appears her victims must be grateful: “In lots of Ponzi schemes, it isn’t uncommon for traders to obtain no return, so we’re happy to have the ability to make this distribution and anticipate additional important distributions sooner or later,” Gleeson added.
He defined that the payout was largely on account of final spring’s $9.8m sale of the Dover Heights house that Caddick had lived in and her share portfolio.
The liquidator additionally recouped about $850,000 from the sale of her art work, high-end garments and purses and jewelry.
Gleeson stated Richardson and Wrench Double Bay have been appointed immediately to promote the three-bedroom condominium atop Eastpoint Tower, which had been the house of Caddick’s dad and mom, Ted and Barb Grimley, this spring.
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The terrace of the Melissa Caddick Edgecliff penthouse, the place her dad and mom, Barbara and Ted Grimley, had resided.
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In a press release, Gleeson stated: “At this stage, we’re aiming to listing the Edgecliff penthouse on the market initially of September 2023.”
Caddick had purchased the penthouse in her title in 2016 for $2.55m and, within the course of, nabbed $1m from her of us in return for permitting them to stay there.
They, too, had fallen sufferer to the unscrupulous “monetary adviser”.
As a substitute of paying down the mortgage, Caddick had blown the $1m her dad and mom gave her on jewelry and her extravagant life-style.
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Melissa Caddick’s dad and mom, Barbara and Ted Grimley, exterior the inquest into the disappearance and suspected demise of the fraudster final November. Image: Dylan Coker
The brokers didn’t nominate the particular Richardson and Wrench brokers and the company is refusing to advise, however they’re prone to be Paul Kantor and Tim Mckenschnabyl.
They’re the pair to have bought an unrenovated two-bedroom condominium in Eastpoint Tower for $4.1m — a whopping $1.1m over reserve — in April.
The consequence was a report for a two-bedder within the constructing.
Gleeson stated he was assured of a robust consequence for the Caddick penthouse: “The Edgecliff penthouse within the Eastpoint Tower, Edgecliff is in a primary location and the sale of it
will importantly allow us to make additional important distributions to Traders,” he stated.
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