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The lavish spending habits of missing businesswoman Melissa Caddick have been revealed as a court hears she held more than $20million of investors’ funds.
Ms Caddick was last seen at her Dover Heights home in Sydney’s east on November 12 after the Australian Federal Police raided the property as part of an Australian Securities and Investments Commission investigation into alleged misused funds.
The Federal Court heard more than $20million of investors’ funds were deposited into her account between January 2018 and September 18, 2020, the Sydney Morning Herald reports.
Court documents show Ms Caddick, who owns financial services company Maliver Pty Ltd, spent an astronomical amount on luxury clothes, protein shakes, limousines, travel and mortgage payments.
She spent $250,000 at Dior, $236,150 at Canturi Jewellers, $60,000 at Chanel and $250,000 on shoes and other designer clothes using her American Express and Qantas credit cards.
The Federal Court heard more than $20million of investors’ funds were deposited into Melissa Caddick’s account. Pictured at a black tie event with husband Anthony Koletti and her necklace which is purportedly valued at $250,000
She spent $250,000 at Dior, $236,150 at Canturi Jewellers (pictured), $60,000 at Chanel and $250,000 on shoes and other designer clothes using her American Express and Qantas credit cards
Ms Caddick also splurged $63,000 on holidays to Fiji, $37,000 on a trip to New York as well as $120,000 on several skiing trips to Aspen. Pictured with her husband Anthony
Ms Caddick also splurged $63,000 on holidays to Fiji, $37,000 on a trip to New York as well as $120,000 on several skiing trips to Aspen.
She even spent $25,000 on protein shakes from Isagenix.
Victims of Ms Caddick’s alleged fraudulent activity believe she faked her disappearance as authorities closed in on her.
‘Everything was scheduled, organised, regimented. She controlled everything and nothing was left to chance,’ said one woman who invested $40,000 to Ms Caddick in September.
Ms Caddick allegedly siphoned up to 61 investors’ funds, most of which were her friends, employees and family members, according to corporate watchdog ASIC.
In the three months before Ms Caddick’s disappearance, ASIC was probing whether her company Maliver Pty Ltd had misused millions from investors.
ASIC will appear in the Federal Court on Tuesday seeking to have a liquidator appointed to Maliver Pty. Ltd.
Ms Caddick went missing between 7pm on Wednesday, November 11, and Thursday at 5.30am when AFP officers left her house.
Her 15-year-old son told police he heard the front door shut and thought it was his mother going for one of her usual runs.
But a number of Ms Caddick’s close friends aren’t convinced she went for a run at 5.30 that morning.
They said she had injured her ankle and was only using a treadmill in her mansion’s gym.
Meanwhile, her husband Anthony Koletti is asking the court to release his wife’s money to maintain him and his stepson’s lifestyle.
Ms Caddick, on left wearing her pricey necklace at an Audi gala, was a long term client of internationally acclaimed jewellery designer Stefano Canturi (right)
According to an affidavit by Ms Caddick’s Brisbane lawyer Jennifer Williamson, Mr Koletti and her brother Adam Grimley want to ensure her jewellery collection is cared for ‘so that their value is not diminished while they are held by ASIC/the AFP’.
A former friend of Ms Caddick said a necklace custom-made by internationally renowned jeweller Stefano Canturi was her pride and joy.
Named Stella, the necklace featured an extraordinary 83 carat Australian black sapphire and ‘cubism-set’ diamonds in 18 carat white gold.
‘She had this (necklace) at the property in her safe,’ the source said. ‘She bought it as an investment. She said, many a time, it was $250,000.’
The black sapphire centrepiece of her necklace dwarfed Kate Middleton’s blue sapphire engagement ring (above)
The necklace is an example of Ms Caddick’s stunning wealth which includes a $6.2 million cliffside mansion, a $300,000 supercar, a private chef to cook organic meals for her family and holidays in Aspen’s skifields for a month each year.
ASIC was also investigating if she had wrongly been using another company’s financial adviser licence, her own having long since expired.
One victim allegedly invested $5 million with Ms Caddick while another who lost a fortune with her company reportedly ‘dry-retched’ when she found out the businesswoman was missing.
The pressure was on Ms Caddick before she disappeared. Two days before she went missing, ASIC secured a Federal Court order against her and her company.
She was banned from travelling overseas and her assets were frozen. Ms Caddick’s home was raided by the Australian Federal Police that same day.
Investigators are following several lines of inquiry and haven’t ruled out the possibility Ms Caddick may have absconded.
Daily Mail Australia has also obtained a share portfolio statement the Sydney financial adviser allegedly sent to a client to mark the end of the 2014-15 financial year.
The statement purported to show the extraordinary profit that Ms Caddick’s wealth management company, Maliver Pty Ltd, had earned for the client.
The apparent forgery claimed an investor had made a stunning 257 per cent return – or $84,961 – on an original $33,000 investment in Macquarie Bank stocks.
But it also allegedly contained the seeds of Ms Caddick’s business unraveling when CommSec delivered the stunning news to the investor that it was all a fake.
Mr Koletti zooms about town in an Audi R8 which retails for about $300,000 and goes from 0 to 100km/h in three seconds. He’s not suggested to be involved in Ms Caddick’s disappearance or have knowledge of her possible financial misconduct
Missing woman Melissa Caddick, wearing an 83 carat black sapphire necklace, is pictured with her husband Anthony Koletti during her 49th birthday in April this year. It’s not suggested her husband was involved with the matters under investigation by ASIC
This is the forged CommSec share trading document an investor claims Melissa Caddick sent to them, showing that they had made a 257 per cent return on Macquarie Bank holdings
‘We called CommSec and they confirmed it was not a real account number … they said the documents are fake,’ the investor told Daily Mail Australia.
‘I said, ‘they can’t be, as it has your logo on top’ … She had (allegedly) copied and pasted the lot.’
Daily Mail Australia has independently established the document is not genuine. CommSec doesn’t even produce a document called a ‘portfolio statement’.
The words ‘FY2014-2015’ aren’t written to the bank’s typical style and the disclaimer down the bottom is wrong. (However, Macquarie stocks have enjoyed a meteoric rise, the price almost tripling since 2013.)
The investor said Ms Caddick failed to give them satisfactory answers when they confronted her about the alleged CommSec account. ‘This is how the whole thing started with ASIC.’
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