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

[HelloJohnny]

Me too!!! Gadzooks this really bothers me.

Our home security camera has a SD card inside to record activity. Maybe that was removed?

 

[JLZ]

No...no....no....just 25% on the capital investment ....and those who invested at the beginning are 8 years without any growth to their investment....so self funded retirement isn’t going to happen!!

So if someone invested $1 million one year ago, they'd be looking at getting back $250K, and if someone invested $1 million eight years ago, also $250K?

 

[SLouTh]

So if someone invested $1 million one year ago, they'd be looking at getting back $250K, and if someone invested $1 million eight years ago, also $250K?

Yes I think so..... from what we know so far.....
Dreadful for the Investors..... I was really hoping the liquidators had found enough money to cover their initial investment amounts ...

 

[SouthAussie]

No...no....no....just 25% on the capital investment ....and those who invested at the beginning are 8 years without any growth to their investment....so self funded retirement isn’t going to happen!!

Where is this information coming from? Could we please have a link?

I haven't seen any recent percentage stated yet.

 

[HelloJohnny]

Me too!!! Gadzooks this really bothers me.

Our home security camera has a SD card inside to record activity.
Maybe a SD card was removed?

I think someone said before that it would have been in a computer on a hard drive?

Not all security cameras save to a hard drive. Ours has a SD card inserted and that’s what it saves to. When it gets full it automatically overwrites over old footage.

 

[SouthAussie]

Seems Melissa is not the only one causing investors to fear for the loss of their investments.

This - likely paywalled - article says (paraphrasing) ....

In the last two years, investors have been caught in these events:

$350 million lost by Michael Gu’s iProsperity property group
$24 million lost Kenneth Grace’s Goldsky hedge fund
$130 million lost by James Mawhinney’s Mayfair101 - now in liquidation
$80 million lost by James Mawhinney’s IPO Wealth - now in liquidation

Don’t let fraud kill financial advice

 

[BlueViolet]

Was the ASIC raid on Tues 10 or Weds 11 Nov?

 

[JLZ]

Was the ASIC raid on Tues 10 or Weds 11 Nov?

Wednesday. The first court hearing was Tuesday.

 

[BlueViolet]

Ok, I was just listening again to the police appeal to find Melissa a week after she went missing. When brother is asked by a reporter when the last time he saw her, he said ‘Tuesday’. Then I can hear a muffled question from reporter asking something about the raid and what did she said and brother says ‘nothing’. In the video, it’s at the approx 6.15 mark. I can’t post it here as it is from the 9news sydney FB page.

 

[TootsieFootsie]

I have to admit that I didn't know, until recently that the Ponzi scheme was named after a real person.
A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]; also a Ponzi game is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.

In the 1920s, Charles Ponzi carried out this scheme and became well-known throughout the United States because of the huge amount of money that he took in. His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and to himself.[6] Unlike earlier, similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.

Ponzi scheme

 

[SLouTh]

Ok, I was just listening again to the police appeal to find Melissa a week after she went missing. When brother is asked by a reporter when the last time he saw her, he said ‘Tuesday’. Then I can hear a muffled question from reporter asking something about the raid and what did she said and brother says ‘nothing’. In the video, it’s at the approx 6.15 mark. I can’t post it here as it is from the 9news sydney FB page.

If you know how to copy and paste the Police Interview in here that is ok... as MSM News FB Page ...

 

[BlueViolet]

Sorry, link didn’t work

 

[BlueViolet]

Wednesday. The first court hearing was Tuesday.

Confirming it was the Wednesday ... timeline is here ...

The timeline of Melissa Caddick's alleged frauds and disappearance

 

[SouthAussie]

Ok, I was just listening again to the police appeal to find Melissa a week after she went missing. When brother is asked by a reporter when the last time he saw her, he said ‘Tuesday’. Then I can hear a muffled question from reporter asking something about the raid and what did she said and brother says ‘nothing’. In the video, it’s at the approx 6.15 mark. I can’t post it here as it is from the 9news sydney FB page.

After AG says he saw Melissa 'last Tuesday', a journo asks him if he could give them any insight into Melissa's state of mind, and he says no, he didn't know.

Your link isn't working, perhaps it is not a direct link to 9 News Sydney (or wherever)?

Here is a direct link, if others want to view and listen to what you are speaking of.

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[BlueViolet]

So does “last Tuesday” mean the day before the raid?

 

[SouthAussie]

So does “last Tuesday” mean the day before the raid?

I believe so. The presser was on Friday 20th November, presumably 'last Tuesday' was the Tuesday of the week before the presser.

 

[Mr Murphy]

...They, according to Anthony have a small party that night, one that had been arranged. ..

Hey Troops, I must have missed something, where did this info come from? Does he admit this somewhere??

 

[stormbird]

SBM

No intention to intrude into their privacy, but because of the details in the above post, I have discovered that I am just one degree of separation from Melissa's mum.

I can only say that mum was indeed a bona fide tai chi teacher, their tai chi group is tight knitted, and Melissa was known to them.

Via Marple, can you make any educated guesses about Melissa's personality or motivations?

 

[SouthAussie]

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Interesting listening to the questions and answers at the end of the presser again.

At around the 9:54 mark

Journo: "Are you treating this as suspicious"

DI Atkins: "Obviously, we don't know what's happened to her, so yes. Yes, it is suspicious in that we need to find her"

 

[stormbird]

Interesting opinion piece by Professor Clinton Free, USyd, in the AFR today discussing white collar criminals and their ability to 'sleep at night' - a question at the core of this case considering the victims are close friends or related to MC.

"Scholars have advanced a range of theories to explain the psychological dynamics that permit otherwise law-abiding individuals to knowingly participate in illegal activity. Such theories include moral disengagement, cognitive dissonance and neutralisation theory."

The Sure Thing: How white collar criminals sleep easy at night

Another link for How white collar criminals sleep easy at night, by Professor Clinton Free from the University of Sydney Business School, Australian Financial Review, 08 March 2021, in a tweet by @SydneyUni_Media (which allowed access to the article for me, a non-subscriber).
"A researcher who has spent the past decade in prisons across the US and Australia says there are four main ways white-collar criminals justify their actions."