Found Deceased Australia - Melissa Caddick, 49, Sydney, NSW, 12 Nov 2020 #6

[Estelle]

I have wondered if the timing of the start of all this for MC (it has been said, about 2013) coincided with her having to decide on schools for her son, providing him with a good education, expensive school fees, moving to this suburb close to the school, etc, etc, was a factor.

I have assumed that OC only started school at Cranbrook for high school.

 

[Estelle]

I have no empathy for MC. Let's face it she could have lived on those shakes for a couple of days. I like to be resourceful.

 

[JLZ]

Aw I hope it wasn't too bad and you're in a better place in life now, you need food, rest and travel to get anywhere in life, it really is disheartening when you are lacking one of the three or earth forbid all of them.

I got distracted answering but I was also going to say, yes, it's when minor catastrophes coincide and converge and feed back into one another that one gets overwhelmed.

 

[BlueViolet]

Has the Bournda National Park been searched? I presume it has.

 

[Mr Murphy]

I’m interested to know why it’s assumed that the shoe had been in the ocean at all? Could MC have been killed and her body dumped in the Bournda National Park? Any number of possibilities then as to how her foot could have ended up on the beach. IMO

There is a lagoon behind bournda beach... maybe they should check in that area if not already...

 

[JLZ]

I’m interested to know why it’s assumed that the shoe had been in the ocean at all? Could MC have been killed and her body dumped in the Bournda National Park? Any number of possibilities then as to how her foot could have ended up on the beach. IMO

It wouldn't be difficult to establish at least that it's been soaking in salt water.

 

[stormyseas]

It wouldn't be difficult to establish at least that it's been soaking in salt water.

Yes I agree. But there are a number of scenarios where a body dumped in the National Park could have led to the detached foot ending up in the water and then being washed up again on the sand. IMO

 

[stormyseas]

Has the Bournda National Park been searched? I presume it has.

It seems that reference has only been made in MSM to the shoreline of Bournda Beach being searched. The most recent 60 Minutes episode showed police sniffer dogs along the beach. Interestingly, Gary Jubelin referred to the Bournda area as being “ground zero.”

The Money Trail: Part two: 60 Minutes 2021, Short Video

 

[minime9]

It could have been one way or the other for MC - spoiled rotten or deprived - it has to be extreme. I was born during World War 11 so my parents were very frugal but I did not feel deprived. They were good role models for me about how to value money. I would never buy a Dior dress even if I could afford one. What a waste of money! I am into value for money! What's the value of a dress you might only wear once?

Yep I’m the same, although I have come across the likes of Dior & D&G clothing & sunglasses in various op shops and in that instance have quickly snapped them up. But I’m too frugal to buy them new.

 

[JLZ]

Food for thought

IMO Somebody who was "in the know" between after the raid and before the media announced it, was asked by MC to drive her to her hideaway. She would not have gone on public transport. AK's Audi nor her car would have been used. As we have found out recently that she went to the Mollymook area on school camps, it is very likely an isolated Airbnb was booked in a different name for 3 months in advance like this one at Bournda Beach.

Holiday Rentals, Homes, Experiences & Places - Airbnb

Also a rental car could have been hired during or after the raid. Food, shakes and other essentials taken so she did not have to shop, maybe if she went in a hurry, she simply wore the clothes she had on on the day of the raid - hence her ASICS were probably the only shoes she took - no Dior high heels needed. Keys are often just left in a secret place - so no need to meet the owner or real estate agent. Then this person/s went back to see her a few weeks before the shoe was found to ask her where all her money had gone, or angry with her that he/they would be implicated in her fraud, she then went into a narcissistic rage and violence occurred.

In this scenario, I am working on the theory that MC died about two weeks before the shoe was found as there were no barnacles on the shoe and decomposition was in process. This also suggests to me that the rest of her body could have been buried then. But the perpetrator decided that it would be a good idea to dislodge one of her feet from her decomposing body and plant it on this isolated beach. This could have been done to make it look as if the foot/shoe was washed into shore so police would assume she committed suicide.

Of course, there are three other possible scenarios:
1. Body was frozen in a very large freezer until the perpetrator decided to dump the body or had to be dismembered - hence the foot was cut off.
2. MC went swimming and drowned in large waves but how did the foot/shoe dislodge?
3. MC suicided by jumping off a cliff.

But, if she was suicidal, was MC able to get rid of the things she took with her before the owner or cleaner came to get the house ready for the next tenants? Otherwise, the perpetrator/s would have cleaned up afterwards and hidden the keys again perhaps leaving no trace - except for the cadaver dogs.

If I were the police I would be making enquiries in the Bournda Beach area.

I'm open to a non-suicide scenario but, personal opinion, not like this. Particularly that she was killed in excessive self-defence and then the killer concealed her body and then went back to the body, dismembered it and planted a clue in an out-of-the-way place: where it might never have been found or understood, and if it were identified as Melissa's, have actually detracted from the local suicide scenario and drawn attention to the real region of her death. Even that she went into a narcissistic rage, to the extent of having to be physically resisted, at this most vulnerable time when she needed to keep the collaborator on side--she knew how not to do that. If she'd tried to kill the collaborator because of what that person knew, that's a little better. But then the collaborator has a perfect defence, it wasn't even a crime to hide Melissa, so why take the other measures? As to the alternative that Melissa went into hiding and then went swimming and accidentally drowned--that is too much coincidence for me.

 

[minime9]

I have no empathy for MC. Let's face it she could have lived on those shakes for a couple of days. I like to be resourceful.

Yep. Such a wasteful indulgent selfish person. I can usually understand and empathise with people and why they may behave in a certain way, but she’s the pinnacle of entitled with an enormous sprinkling of privilege on top. This is only my opinion and only from what I know of her so far.

Probably the nicest thing I can say about her is that she’s completely wasted & thrown her life away because imo she was more than capable to have been quite successful in a legitimate way. But instead she stole everyone else’s money to buy unnecessary crap and now look where she is..

 

[JLZ]

Yep I’m the same, although I have come across the likes of Dior & D&G clothing & sunglasses in various op shops and in that instance have quickly snapped them up. But I’m too frugal to buy them new.

O/T After Slouth's favourable mention of Dior I had a look at the website--some lovely skirts for around $3,000; if they were a tenth of the price I'd probably buy at least one and feel guilty for paying too much.

 

[BlueViolet]

The over-saturation of the fakes has made them all look cheap now, to me, especially the bags & accessories. I just keep thinking that they’re all manufactured in sweat shops.

 

[stormbird]

Yesterday I read this article in The Financial Review and this is why I believe that MC would have been the one who forged Anthony's father's signature:
Mar 6, 2021 – 12.00am
When Chanticleer this week heard a first-hand anecdote about Melissa Caddick, the Sydney woman who stole about $30 million using a Ponzi scheme, it gave an insight into her flawed personality.

The incident happened 20 years ago when a Sydney fund manager was approached by a friend and asked to give Caddick a job. After the friend spoke highly of her, the fund manager gave her a mundane clerical job in the back office.

About six months after Caddick started work, the fund manager’s accountant rang him to say there were several anomalies in the accounts. The accountant asked him to go down to National Australia Bank and check the cheques.

At the bank, the fund manager found two company cheques worth $5000 and $10,000 with forged signatures.

He went back to the office, asked Caddick if she had forged them, and when she said yes, his good nature got the better of him. Instead of calling the cops, he gave her a second chance. He simply asked her to leave immediately.

Don’t let fraud kill financial advice

So MC forged two cheques worth $15,000 in about 2000. How much would that $15,000 be worth now 20 years later? $100,000? Perhaps if the investment manager had reported MC to police then and she went to jail, then she might have been taught a lesson that she could not get away with forgery.

Melissa has been conducting fraud for a long time even outside her company. 20 years ago, she got an admin job and forged two cheques. Melissa admitted to the fund manager she had committed the forgery.

Don’t let fraud kill financial advice

Re the anecdote about Melissa allegedly forging signatures 20 years ago (a full quote appears in Estelle's post, or I was able to see the column it came from by following the link tweeted by @FinancialReview on 06 March 2021). Anecdote summarised: 20 years ago a Sydney fund manager gave Melissa a "mundane clerical job in the back office" but six months later he found that she had forged the signature(s) on two company cheques, worth $15,000 in total, and asked her to leave immediately.

If these facts are true (are they?), where and when did this happen?

"20 years ago" would have been 2001. Melissa was working for W*** Financial Services at that time, and was said to have started working there about 1997 (see below). If (as it says below) she had previously worked as "a private client stockbroker" somewhere else, could that be described as a "mundane clerical job" for "a fund manager"?

From an article reposted on the W*** Financial website dated 01 Oct 2003 (via Trove's website snapshot 06 Dec 2003):
"Driving [W*** Financial's] next stage of development is Melissa Caddick, brought in six years ago as a succession plan to [the company's founder, BB] who established the business selling life insurance 23 years ago." ...
"Caddick introduced financial planning to the business six years ago. She began her career as a money market trader with N***, then worked in corporate finance and later as a private client stockbroker. She has completed a Masters in Banking and Finance and her Diploma of Financial Planning and she is a year away from receiving her Certified Financial Planner accreditation." ...
"Although she has been in the business for six years now and has 14 years experience in the advice and investments industry, she approaches her work with the enthusiasm and vigour of a recruit fresh out of university."
BBM

 

[JLZ]

Re the anecdote about Melissa allegedly forging signatures 20 years ago (a full quote appears in Estelle's post, or I was able to see the column it came from by following the link tweeted by @FinancialReview on 06 March 2021). Anecdote summarised: 20 years ago a Sydney fund manager gave Melissa a "mundane clerical job in the back office" but six months later he found that she had forged the signature(s) on two company cheques, worth $15,000 in total, and asked her to leave immediately.

If these facts are true (are they?), where and when did this happen?

"20 years ago" would have been 2001. Melissa was working for W*** Financial Services at that time, and was said to have started working there about 1997 (see below). If (as it says below) she had previously worked as "a private client stockbroker" somewhere else, could that be described as a "mundane clerical job" for "a fund manager"?

From an article reposted on the W*** Financial website dated 01 Oct 2003 (via Trove's website snapshot 06 Dec 2003):
"Driving [W*** Financial's] next stage of development is Melissa Caddick, brought in six years ago as a succession plan to [the company's founder, BB] who established the business selling life insurance 23 years ago." ...
"Caddick introduced financial planning to the business six years ago. She began her career as a money market trader with N***, then worked in corporate finance and later as a private client stockbroker. She has completed a Masters in Banking and Finance and her Diploma of Financial Planning and she is a year away from receiving her Certified Financial Planner accreditation." ...
"Although she has been in the business for six years now and has 14 years experience in the advice and investments industry, she approaches her work with the enthusiasm and vigour of a recruit fresh out of university."
BBM

NRMA is or was in funds management. Perhaps the mundane clerical job is money market manager and "twenty years ago" is approximate.

Private client stockbroker might describe self-employment like with the more recent Maliver. Perhaps she had an early run in that sort of thing after being let go for forgery.

 

[MsLilly]

For over 8 years MC used stolen investor to fund her lifestyle.... how can someone that was trusted be so villainous and evil is hard to comprehend.
Since her disappearance ... for over 3 months her partner and child received a “living allowance” which included $200 per week each for counselling (Affidavit A.G. 8 Dec 2020) paid out of the stolen funds....bet the investors haven’t received the same!
Yes, her family has lost a daughter/mother/partner ....and their life impacted...but for last 8+ years everything she provided for them was provided with stolen investor funds. And it looks like the Investors now have to fight for a return on every dollar they invested in good faith. 60 Minutes states that there was a “healthy return”for the Investors...it appears that the “healthy return” will be in the vicinity of twenty five percent on their capital investment (no return on the years they had invested)...and this “healthy return” will also depend on costs - eg the Receivers/Liquidators and paying out the banks for the mortgages they should never have approved.
The question that needs to be asked is “who enabled MC to continue this fraud for so many years...the banks...the accountants....the auditors? She can’t be held accountable but surely they can!!

 

[SLouTh]

Gosh Ms Lilly,
This revelation certainly points out the "Truth" of the "Situation", versus the Media Version of events to the public ....

60 Minutes states that there was a “healthy return”for the Investors...it appears that the “healthy return” will be in the vicinity of twenty five percent on their capital investment

To be honest, the way this "bombshell" was delivered on 60mins I thought the Receivers had found enough money to repay the Investors close to 100% of their capital investment....

Obviously this was incorrect...

Also my assumption from that 60mins segment, was that "the case" was pretty much over, as they had found 'the money', Also incorrect....

this “healthy return” will also depend on costs - eg the Receivers/Liquidators and paying out the banks for the mortgages they should never have approved.

I have been asking this same question, but so far, no one seems to have investigated this.... What financials did MC provide the banks with for the mortgages....?????? and how did she prove her income??????

Agree someone needs to be held accountable!

 

[PingTheRouter]

i think if she was killed and not suicide it happened in the dover heights home and the body disposed of at another location

this is the only other theory iv been in on since the foot was found but happy to read other peoples ideas

but again its like 85% suicide and maybe 15% other ways of death

 

[JLZ]

To be honest, the way this "bombshell" was delivered on 60mins I thought the Receivers had found enough money to repay the Investors close to 100% of their capital investment....

I thought MsLilly was talking about 25% in addition to the capital investment . . . 25% on capital, not of capital. In total, not per annum.

 

[Via Marple]

Re the anecdote about Melissa allegedly forging signatures 20 years ago (a full quote appears in Estelle's post, or I was able to see the column it came from by following the link tweeted by @FinancialReview on 06 March 2021). Anecdote summarised: 20 years ago a Sydney fund manager gave Melissa a "mundane clerical job in the back office" but six months later he found that she had forged the signature(s) on two company cheques, worth $15,000 in total, and asked her to leave immediately.

If these facts are true (are they?), where and when did this happen?

"20 years ago" would have been 2001. Melissa was working for W*** Financial Services at that time, and was said to have started working there about 1997 (see below). If (as it says below) she had previously worked as "a private client stockbroker" somewhere else, could that be described as a "mundane clerical job" for "a fund manager"?

From an article reposted on the W*** Financial website dated 01 Oct 2003 (via Trove's website snapshot 06 Dec 2003):
"Driving [W*** Financial's] next stage of development is Melissa Caddick, brought in six years ago as a succession plan to [the company's founder, BB] who established the business selling life insurance 23 years ago." ...
"Caddick introduced financial planning to the business six years ago. She began her career as a money market trader with N***, then worked in corporate finance and later as a private client stockbroker. She has completed a Masters in Banking and Finance and her Diploma of Financial Planning and she is a year away from receiving her Certified Financial Planner accreditation." ...
"Although she has been in the business for six years now and has 14 years experience in the advice and investments industry, she approaches her work with the enthusiasm and vigour of a recruit fresh out of university."
BBM

In 2003 Melissa was about 32 years old. And she already had 14 years working in the industry? AND a masters degree, and a diploma too?

Not impossible but what a run she had after finishing school.