JBowie
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Found Deceased Australia - Melissa Caddick Missing After Australian SIC Raid - Sydney (NSW) - Nov 2020 #9
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Luwin
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Sorry about that - just in case you can watch it elsewhere it is "The first part of a three-part drama series based on real events. Melissa Caddick is a financial whiz, but she is also running a scheme to scam her clients, friends and family."
Via Marple
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Sounds like the one shown on our Channel 9 some time ago.
Luwin
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Looks like it is the same one! Only just made its way to the UK!Sounds like the one shown on our Channel 9 some time ago.
they'll get you
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An initial distribution of $3 million has been made by the accounting firm overseeing the sale of the alleged fraudster's assets.
The money comes from the sale of her Dover Heights property, which sold for $9.8 million in January, and her share portfolios
The money comes from the sale of her Dover Heights property, which sold for $9.8 million in January, and her share portfolios
they'll get you
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"In many ponzi schemes, it is not unusual for investors to receive no return, so we are pleased to be able to make this distribution and anticipate further significant distributions in the future," Jones Partners principal Bruce Gleeson said.
An Edgecliff Penthouse has also been seized by liquidators and is being prepared for sale in September.
"The Edgecliff Penthouse in the Eastpoint Tower, Edgecliff is in a prime location and the sale of it will importantly enable us to make further significant distributions to investors," Mr Gleeson said
www.sheppnews.com.au
An Edgecliff Penthouse has also been seized by liquidators and is being prepared for sale in September.
"The Edgecliff Penthouse in the Eastpoint Tower, Edgecliff is in a prime location and the sale of it will importantly enable us to make further significant distributions to investors," Mr Gleeson said
Investors conned by Caddick awarded first payments
Defrauded investors of Sydney conwoman Melissa Caddick have received a share of $3 million from the sale of her cliff-top mansion and share portfolio.
www.sheppnews.com.au
JBowie
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The family and friends that she ripped off to the tune of $23.5m haven’t received a cent since the con artist vanished in November 2020
. . .
But today liquidator Bruce Gleeson of Jones Partners announced: “We have made a first and interim distribution to investors totalling $3,000,000.”
This will be distributed among the 55 investors.
So the first payout is 12.7% of the debt, and average of $54,545 each. I guess the per victim payout will be in proportion to their share of the total debt.
. . .
But today liquidator Bruce Gleeson of Jones Partners announced: “We have made a first and interim distribution to investors totalling $3,000,000.”
This will be distributed among the 55 investors.
So the first payout is 12.7% of the debt, and average of $54,545 each. I guess the per victim payout will be in proportion to their share of the total debt.
Conwoman Caddick’s victims get huge payout - realestate.com.au
Nearly three years after fraudster Melissa Caddick disappeared, her many victims are getting their first payout.
www.realestate.com.au
JBowie
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Receivers hope the three-bedroom apartment will fetch more than $5 million at auction. The net proceeds will yield a final payout for investors who lost their life savings to Caddick’s Ponzi scheme.
It is hoped the sale will allow receivers to make a further distribution to creditors before Christmas, and the receivership will be finalised by May or June.
(may be pay-walled for some)
www.smh.com.au
It is hoped the sale will allow receivers to make a further distribution to creditors before Christmas, and the receivership will be finalised by May or June.
(may be pay-walled for some)
See inside Melissa Caddick’s penthouse as tower farewells its famous fraudster
Take a tour through the penthouse apartment Caddick bought her parents as it hits the market with hopes of recouping $5 million for investors in her Ponzi scheme.
Via Marple
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I like how they simply call her as the dead conwoman. It should be on her tombstone, if there is one.Receivers hope the three-bedroom apartment will fetch more than $5 million at auction. The net proceeds will yield a final payout for investors who lost their life savings to Caddick’s Ponzi scheme.
It is hoped the sale will allow receivers to make a further distribution to creditors before Christmas, and the receivership will be finalised by May or June.
(may be pay-walled for some)
See inside Melissa Caddick’s penthouse as tower farewells its famous fraudster
Take a tour through the penthouse apartment Caddick bought her parents as it hits the market with hopes of recouping $5 million for investors in her Ponzi scheme.
Now that all the collateral stuff is being counted and re counted, all the rage and fury and fire quenched and damped down,, everyone back in their corner, licking the wounds, trying to move on, the dogs in less salubrious kennels far away from the glitzy shores of Port Jackson's billion dollar views, now that hairdressing doesn't seem quite the waste of time of may once have had, now that new owners possess the properties...... now that Mum and Dad have had to pack up their troubles in an old kitbag and smile, what still rankles??
For me, what still baffles , and rankles and bewilders is, there is not one, not one pic of Melissa exiting her place after the raid , dressed in her jogging gear, going,, as it is said, for a walk. Not one house on that millions of dollars homes had a working CCTV operating, in a street of 52 houses. Not a pic of her along the cliff walk, and that path has camera's up the wazoo all along it, for the specific purpose of capturing film of people acting awkwardly.
Maybe that will always surface at inconvenient times for me. I simply do not figure that bit out.
Still... it was a Sydney story, a cast of really silly people doing really silly things, some even doubling down on their original silliness, silliest of all , Melissa, who's business plan had built in at the wind up of it all, her own death. It had no other ending. Following in the fine tradition of peculiarly Sydney scammers, like Rene Rivkin, etc, death was the ultimate ace card played. In dollar terme, Melissa was average, even below average, not even a top tier scammer, she didn't even arrive at peak theft, another fail in a long life of failure.
For me, what still baffles , and rankles and bewilders is, there is not one, not one pic of Melissa exiting her place after the raid , dressed in her jogging gear, going,, as it is said, for a walk. Not one house on that millions of dollars homes had a working CCTV operating, in a street of 52 houses. Not a pic of her along the cliff walk, and that path has camera's up the wazoo all along it, for the specific purpose of capturing film of people acting awkwardly.
Maybe that will always surface at inconvenient times for me. I simply do not figure that bit out.
Still... it was a Sydney story, a cast of really silly people doing really silly things, some even doubling down on their original silliness, silliest of all , Melissa, who's business plan had built in at the wind up of it all, her own death. It had no other ending. Following in the fine tradition of peculiarly Sydney scammers, like Rene Rivkin, etc, death was the ultimate ace card played. In dollar terme, Melissa was average, even below average, not even a top tier scammer, she didn't even arrive at peak theft, another fail in a long life of failure.
JBowie
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Removal of Caddick's own CCTV recorder was an own goal by ASIC/AFP:
The CCTV system from her Wallangra Rd house had been seized by ASIC investigators when she was raided on November 11, robbing NSW Police of the chance to capture her last known movements.
As for the neighbourhood:
During a canvas of the neighbourhood, [police] officers discovered there were no CCTV cameras along the most direct route from her home down to Rodney Reserve, which would have been down Wallangra Rd and onto Dover Rd. [bbm]
JBowie
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The cooling real estate market in Sydney’s east has seen the last-minute withdrawal of the auction of fraudster Melissa Caddick’s Edgecliff penthouse, in a move set to disappoint investors who lost millions.
(Maybe pay-walled for some)
www.smh.com.au
(Maybe pay-walled for some)
Fraudster Melissa Caddick’s penthouse withdrawn from auction at last minute
In a move that disappointed the fraudster’s victims, the cooling real estate market has seen the withdrawal of the auction of the conwoman’s Edgecliff apartment.
imstilla.grandma
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Instead, they will seek a deal via private treaty.
"Despite significant interest expressed by parties in the Eastpoint Tower penthouse at 1904/180 Ocean Road, Edgecliff, the Receivers have withdrawn the property from auction instead selling by private treaty," Bruce Gleeson from Jones Partners said in a statement.
"This exceptional penthouse is in an outstanding location in Edgecliff, NSW and we remain confident of a favourable outcome."
The three-bedroom apartment has a deep terrace, a private balcony and glistening views from the CBD to Double Bay and North Head and a pool and gym on site for residents
Melissa Caddick's penthouse auction dumped at eleventh hour
The sale under the hammer of the luxury Edgecliff apartment was to be the final stage in the financial clea...
www.nine.com.au
Victims of Sydney conwoman Melissa Caddick have made a fresh attempt at clawing back some of their lost money by launching a class action against several of her auditors.
. . .
Most victims invested through their self-managed super funds, which were required to be audited annually.
In a statement, Mackay Chapman said Caddick engaged at least five auditors between 2012 and 2020.
“The auditors all provided audit reports that, in effect, gave the SMSFs a clean bill of health,” the firm said.
www.theguardian.com
. . .
Most victims invested through their self-managed super funds, which were required to be audited annually.
In a statement, Mackay Chapman said Caddick engaged at least five auditors between 2012 and 2020.
“The auditors all provided audit reports that, in effect, gave the SMSFs a clean bill of health,” the firm said.
Victims of Melissa Caddick launch class action against her super fund auditors
Case brought by 24 defrauded investors alleges auditors were negligent, engaged in deceptive conduct and breached the Corporations Act
JBowie
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Seems Caddick had a personal directory of shifty accountants and auditors:
A number of victims of fraudster Melissa Caddick have launched a class action against the auditors she engaged to audit their self-managed superannuation funds.
. . .
Caddick, who was a joint trustee of the super funds as well as being a signatory to the relevant bank accounts, regularly used Khanh Huynh to audit her clients’ SMSFs.
. . .
Huynh, an accountant with Campbelltown firm Bladen King, is one of those named in the class action. Last year he was permanently banned by ASIC from being an SMSF auditor. Among the reasons listed for his disqualification was his “close relationship” with a person who was sourcing many of his SMSF clients.
Huynh was also found to have failed to act with honesty and integrity by the Disciplinary Tribunal of Chartered Accountants in July 2022. He is yet to file a defence in the Caddick matter.
. . .
The Herald has previously revealed that at one stage Caddick’s personal accountant was a former bankrupt who’d been jailed in Queensland for embezzling money from a superannuation fund.
Cyril “John” Pearson, 79, was sentenced to five years’ jail in 1998 for stealing from a super fund as well as falsifying documents to cover his tracks. He was the first person to be prosecuted by ASIC over misuse of superannuation funds.
The class action will return to court in December.
www.smh.com.au
A number of victims of fraudster Melissa Caddick have launched a class action against the auditors she engaged to audit their self-managed superannuation funds.
. . .
Caddick, who was a joint trustee of the super funds as well as being a signatory to the relevant bank accounts, regularly used Khanh Huynh to audit her clients’ SMSFs.
. . .
Huynh, an accountant with Campbelltown firm Bladen King, is one of those named in the class action. Last year he was permanently banned by ASIC from being an SMSF auditor. Among the reasons listed for his disqualification was his “close relationship” with a person who was sourcing many of his SMSF clients.
Huynh was also found to have failed to act with honesty and integrity by the Disciplinary Tribunal of Chartered Accountants in July 2022. He is yet to file a defence in the Caddick matter.
. . .
The Herald has previously revealed that at one stage Caddick’s personal accountant was a former bankrupt who’d been jailed in Queensland for embezzling money from a superannuation fund.
Cyril “John” Pearson, 79, was sentenced to five years’ jail in 1998 for stealing from a super fund as well as falsifying documents to cover his tracks. He was the first person to be prosecuted by ASIC over misuse of superannuation funds.
The class action will return to court in December.
Melissa Caddick’s victims launch class action against super fund auditors
A number of the fraudster’s victims have launched a class action against the auditors she engaged to audit her clients’ self-managed superannuation funds.
Neither of those are the accountant we're forbidden to name.Seems Caddick had a personal directory of shifty accountants and auditors:
A number of victims of fraudster Melissa Caddick have launched a class action against the auditors she engaged to audit their self-managed superannuation funds.
. . .
Caddick, who was a joint trustee of the super funds as well as being a signatory to the relevant bank accounts, regularly used Khanh Huynh to audit her clients’ SMSFs.
. . .
Huynh, an accountant with Campbelltown firm Bladen King, is one of those named in the class action. Last year he was permanently banned by ASIC from being an SMSF auditor. Among the reasons listed for his disqualification was his “close relationship” with a person who was sourcing many of his SMSF clients.
Huynh was also found to have failed to act with honesty and integrity by the Disciplinary Tribunal of Chartered Accountants in July 2022. He is yet to file a defence in the Caddick matter.
. . .
The Herald has previously revealed that at one stage Caddick’s personal accountant was a former bankrupt who’d been jailed in Queensland for embezzling money from a superannuation fund.
Cyril “John” Pearson, 79, was sentenced to five years’ jail in 1998 for stealing from a super fund as well as falsifying documents to cover his tracks. He was the first person to be prosecuted by ASIC over misuse of superannuation funds.
The class action will return to court in December.
Melissa Caddick’s victims launch class action against super fund auditors
A number of the fraudster’s victims have launched a class action against the auditors she engaged to audit her clients’ self-managed superannuation funds.
I am waiting for the bloke from QLD to Find Out, after a few years of F. A.... That dodgy fellow who signed off on the Edgecliff apartment and was inserting Melissa into the wild and windy world of racehorses..... it was always a bit of a red flag that Melissa bypassed the best in the business in Sydney and NSW and had to get an accountant from Brissy.
Antony Koletti's Dad is an accountant also, no wonder he utterly refused to have anything to do with Melissa's hi jinks, he probably could see which way the wind was blowing way before Antony got a whiff . Although, even though dear old Ant put on a good show, 'i know nuffink'.. ' i had no idea'... I find that hard to believe that he didn't see the colossal flaw in the scheme, the flaw that said to end the game someone has to die, Melissa, preferably. And so it came to be.
I think you mean the one in Hendra. He had previously worked for Cyril Pearson. No idea if he's dodgy himself. He's not the one we're not allowed to name.
Ex-con and bankrupt advised Melissa Caddick on tax affairs
Missing fraudster Melissa Caddick used former banned bankrupt accountant Cyril ‘John’ Pearson who was jailed for embezzling money from a superannuation fund as an adviser.
JBowie
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(Paraphrased)
After being on the market for two months, and pulled from auction in October, the guidance price for the Edgecliff penthouse, formerly occupied, by Caddick's parents has been revised down from $5.5m to $4.8m.
After being on the market for two months, and pulled from auction in October, the guidance price for the Edgecliff penthouse, formerly occupied, by Caddick's parents has been revised down from $5.5m to $4.8m.
they'll get you
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"There's been a complete backing down by Mr Koletti of his various claims," Swaab partner Michael Hayter said.
The receivers from Jones Partners have agreed to hand over several items worth "a few thousand dollars" to Koletti because that would save time and legal costs compared to resolving the dispute in the courtroom.
The luxury goods Caddick's husband will walk away with include a gentleman's steel Breitling watch and a Canturi "cubism collection" ring made from 18-carat white gold and 9.47-carat sapphires.
www.9news.com.au
The receivers from Jones Partners have agreed to hand over several items worth "a few thousand dollars" to Koletti because that would save time and legal costs compared to resolving the dispute in the courtroom.
The luxury goods Caddick's husband will walk away with include a gentleman's steel Breitling watch and a Canturi "cubism collection" ring made from 18-carat white gold and 9.47-carat sapphires.
Caddick's husband gives up fight for fraudster's goods
www.9news.com.au