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

[Redrunner]

Hahaha I am smiling big @ Dolly Parton bit

Tell me about the bullion?

Seems like there was some "chatter" I heard on another MC site that swore she had invested in the Bullion market, (HK) also with mining shares (thats on the record) not to mention other blue chip investments. Re the bullion I heard nothing more, only that MC's safety deposit box/es at NAB and Commonwealth were both seized, contents unknown. If she did in fact have this type of asset class, it would be in the form of a certificate not actual bars IMO. Yes as good old Dolly says yeah, 5 to 9 you've got passion and a vision 'cause it's hustlin' time, a whole new way to make a livin' Gonna change your life, do somethin' that gives it meanin' With a website that is worthy of your dreaming. God Bless you Dolly, you keep on giving, you've got a big heart and bigger lyrics.

 

[Estelle]

What is the cheapest country to buy gold?

Hong Kong is a good candidate for the “cheapest country in the world to buy gold.” In October 2020, we found a Hong Kong Bank selling an ounce of gold for just $5 USD over spot.8 Oct 2020

Can I buy gold in Singapore? #2 Physical gold

These gold bars or gold bullion coins can be purchased online or in person. For example, existing UOB customers can buy gold items online and collect them in person at UOB's Main Branch. You can even use your CPF funds to purchase gold under the CPF Investment Scheme.19 Dec 2020

Which bank sells gold bars in Singapore? UOB

Currently, UOB is the only bank in Singapore that offers 1) the sale and purchase of physical gold, 2) the issuance of gold certificates and 3) a savings account dedicated to either gold or silver.23 Oct 2020

The Best Online Gold Dealers for 2021

• Best Overall: Money Metals Exchange.
• Best Comprehensive Offering: APMEX (American Precious Metals Exchange)
• Best Customer Experience: JM Bullion.
• Best Low-Price Option: SD Bullion.
• Best for Gold Coins: BGASC.
• Best Reputation: Golden Eagle Coins.

Do you have to declare gold bullion?
Identification is required by bullion dealers for trades worth A$5,000 or more. Cash transactions greater than A$10,000 must be also reported. Check out our Premiums section for information on gold and silver premiums at Australian bullion dealers.4 Mar 2015

How BullionReviews.com Muddies The Water: When A Bullion Dealer Is Both The Reviewed & Reviewer

Singapore-based SBTV exposes the shady forces behind BullionReviews.com. We share the results of our investigative efforts and explain why Bullion Reviews is not just an irritation for bullion dealers in Singapore, but also misleading for the public and bad for the credibility of the gold and silver industry as a whole. BullionStar, a Singapore-based precious metals dealer, was found to be the operator of this bullion reviews website. In the context of this video, when we refer to Floriano Solijon as an employee, we mean it in a generic sense that he worked under the direction of BullionStar for an extended period of time in exchange for payment. WHOIS record for Bullionreviews.com: https://bit.ly/2QD9Iu7

I have included Singapore because MC's brother worked there.

 

[OwlHeart]

What is the cheapest country to buy gold?

Hong Kong is a good candidate for the “cheapest country in the world to buy gold.” In October 2020, we found a Hong Kong Bank selling an ounce of gold for just $5 USD over spot.8 Oct 2020

Can I buy gold in Singapore? #2 Physical gold

These gold bars or gold bullion coins can be purchased online or in person. For example, existing UOB customers can buy gold items online and collect them in person at UOB's Main Branch. You can even use your CPF funds to purchase gold under the CPF Investment Scheme.19 Dec 2020

Which bank sells gold bars in Singapore? UOB

Currently, UOB is the only bank in Singapore that offers 1) the sale and purchase of physical gold, 2) the issuance of gold certificates and 3) a savings account dedicated to either gold or silver.23 Oct 2020

The Best Online Gold Dealers for 2021

• Best Overall: Money Metals Exchange.
• Best Comprehensive Offering: APMEX (American Precious Metals Exchange)
• Best Customer Experience: JM Bullion.
• Best Low-Price Option: SD Bullion.
• Best for Gold Coins: BGASC.
• Best Reputation: Golden Eagle Coins.

Do you have to declare gold bullion?
Identification is required by bullion dealers for trades worth A$5,000 or more. Cash transactions greater than A$10,000 must be also reported. Check out our Premiums section for information on gold and silver premiums at Australian bullion dealers.4 Mar 2015

How BullionReviews.com Muddies The Water: When A Bullion Dealer Is Both The Reviewed & Reviewer

Singapore-based SBTV exposes the shady forces behind BullionReviews.com. We share the results of our investigative efforts and explain why Bullion Reviews is not just an irritation for bullion dealers in Singapore, but also misleading for the public and bad for the credibility of the gold and silver industry as a whole. BullionStar, a Singapore-based precious metals dealer, was found to be the operator of this bullion reviews website. In the context of this video, when we refer to Floriano Solijon as an employee, we mean it in a generic sense that he worked under the direction of BullionStar for an extended period of time in exchange for payment. WHOIS record for Bullionreviews.com: https://bit.ly/2QD9Iu7

I have included Singapore because MC's brother worked there.

Very interesting Estelle.

 

[minime9]

Getting warmer.

To be fair, I probably won't post the information and probably shouldn't have built up anticipation but at the time of posting my aims last night I really intended to go ahead with it.

I think I know what the angle is. Not mentioning it here either

 

[SLouTh]

Melissa Caddick’s parents fight to keep Edgecliff home from creditors | Daily Telegraph
Paraphrased...

Melissa's parents are trying to stake a claim on their own apartment to avoid becoming homeless if it is seized by her creditors.

Barbara and Ted Grimley sold their home in Connells Point in Sydney’s south for $1.55m in 2017, and have been living in the penthouse apartment in Edgecliff.

Melissa's parents believed they significantly contributed to the purchase of the $2.55m unit in Sydney’s east with the proceeds of the Connells Point sale.

Between December and last month, Ms Caddick’s elderly parents placed three caveats over their apartment in Edgecliff to stop it being sold under their noses.

Liquidators have also placed caveats on the Edgecliff apartment.

 

[minime9]

Melissa Caddick’s parents fight to keep Edgecliff home from creditors | Daily Telegraph
Paraphrased...

Melissa's parents are trying to stake a claim on their own apartment to avoid becoming homeless if it is seized by her creditors.

Barbara and Ted Grimley sold their home in Connells Point in Sydney’s south for $1.55m in 2017, and have been living in the penthouse apartment in Edgecliff.

Melissa's parents believed they significantly contributed to the purchase of the $2.55m unit in Sydney’s east with the proceeds of the Connells Point sale.

Between December and last month, Ms Caddick’s elderly parents placed three caveats over their apartment in Edgecliff to stop it being sold under their noses.

Liquidators have also placed caveats on the Edgecliff apartment.

This is going to be messy.

 

[srper2]

Interesting that despite being married for 7 plus years and being described as such a wonderful person by hubby, MC had not included him on the title for the house they shared, rented his super duper toy car by the month, gave him a set allowance, but he really had nothing. I wonder who were the beneficiaries on her life insurance policy?
I found this "news clip" by David Lee Roth, that seems to sum up the whole Maliver experience....

 

[SLouTh]

Interesting that despite being married for 7 plus years and being described as such a wonderful person by hubby, MC had not included him on the title for the house they shared, rented his super duper toy car by the month, gave him a set allowance, but he really had nothing. I wonder who were the beneficiaries on her life insurance policy?
I found this "news clip" by David Lee Roth, that seems to sum up the whole Maliver experience....

Srper 2 can you tell me where the "Audi car rented by the month" has come from please? I have totally missed that.......
I have seen this pop up a couple of times recently but don't know where that info came from??? Many Thanks...

 

[TootsieFootsie]

Melissa Caddick's husband Anthony Koletti's personalised numberplates go up for sale | Daily Mail Online

Daily Mail Australia has established that Mr Koletti's Audi R8 - his pride and joy - was seized by the receivers reviewing his wife's assets in January.

 

[HelloJohnny]

I haven't examined all the reports, but it appeared that MC's parents sold their home and "invested" the money with MC, moving into the apartment that she owned (and 1 percent owned by brother? Or did he own 1 percent of MC's house?). They received a "living allowance" from MC every month and there was previous discussion here about them giving rent money back to MC out of the "allowance" - all pretty dusty stuff. It seems they may have signed away all their rights to MC and if there is a record of them selling their house and "investing" the money with MC and then renting/living in the apartment owned by her and not being on the title, it may be very difficult for them to claim they should receive special treatment over the other ripped off investors. Sounds like they are trying to find loopholes to get their money back above the other investors?

I hope MC’s parents have engaged some really solid legal representation. I now wonder if the parents will push for ownership or their rental rights to prevent eviction. If this article is correct, then maybe they will go for ownership.

Are you aware if there is/was a formal rental agreement?

Or is it just assumed there was an informal agreement, due to MC’s tax treatment (and lodgement with ATO) in regards to the apartment being rented?

Given then parents current predicament, it might not be in their best interest to continue paying rent, as it might jeopardise an ownership claim on the apartment property.

RESIDENTIAL TENANCIES ACT 2010 - SECT 122
Mortgagee repossessions of rented properties
Source: New South Wales Consolidated Acts

The rights of landlords and liquidators when a tenant is insolvent
Source: Rapsey Griffiths

 

[srper2]

I hope MC’s parents have engaged some really solid legal representation. I now wonder if the parents will push for ownership or their rental rights to prevent eviction. If this article is correct, then maybe they will go for ownership.

Are you aware if there is/was a formal rental agreement?

Or is it just assumed there was an informal agreement, due to MC’s tax treatment (and lodgement with ATO) in regards to the apartment being rented?

Given then parents current predicament, it might not be in their best interest to continue paying rent, as it might jeopardise an ownership claim on the apartment property.

RESIDENTIAL TENANCIES ACT 2010 - SECT 122
Mortgagee repossessions of rented properties
Source: New South Wales Consolidated Acts

The rights of landlords and liquidators when a tenant is insolvent
Source: Rapsey Griffiths

I can only imagine their levels of distress, after working to own their own home and being comfortable in retirement, to now potentially being homeless and also having no money, after trusting their daughter to make huge decisions about their future.

 

[SLouTh]

MC's safety deposit box/es at NAB and Commonwealth were both seized, contents unknown.

Red R can you please tell me where you read that Melissa's Safety Boxes (plural) had been seized please? The ASIC Affidavit mentions one safety box being seized.....

The affidavit does mention "safety boxes" but only the NAB one being seized...

I am most interested in the Safety Deposit Boxes.....hence my question.... as I also thought MC may have had one with a Private Firm that allowed 24 hour access...

Many thanks

 

[srper2]

The bus ride from hell!

The thought of MC sitting on a coach with the common people to go down to the South Coast is pretty hilarious. She would be upset at the lack of first class facilities.

 

[HelloJohnny]

I haven't examined all the reports, but it appeared that MC's parents sold their home and "invested" the money with MC, moving into the apartment that she owned (and 1 percent owned by brother? Or did he own 1 percent of MC's house?). They received a "living allowance" from MC every month and there was previous discussion here about them giving rent money back to MC out of the "allowance" - all pretty dusty stuff. It seems they may have signed away all their rights to MC and if there is a record of them selling their house and "investing" the money with MC and then renting/living in the apartment owned by her and not being on the title, it may be very difficult for them to claim they should receive special treatment over the other ripped off investors. Sounds like they are trying to find loopholes to get their money back above the other investors?

IMO...
I wonder if the parents truly thought that 100% of their money went as a down payment on the apartment (purchased in their name), and MC look out a loan for the remainder?
[speculation only]

The reason being, they are most likely retired and probably would not meet the lending criteria for the banks, so maybe MC offered to have the loan in her name.

MC also appears to have the ‘knack’ for deceiving people, and she would know exactly what approach to take with her family. She had probably convinced herself that she was doing them a massive favour. Especially if the parents expressed gratitude.

IMO (I am not a legal practitioner)...
I would imagine that the parents would have a better outcome if they pushed for ownership on the apartment, compared to taking their chances with everyone else and receiving an apportionment of liquidated assets. When assets are liquidated and fees and charges for services deducted, there will be significantly less funds for distribution to creditors.

I can imagine that the level of research and searches required and undertaken by the liquidator, to track down the assets and investments would be exorbitant. Especially because it was reported that her personal funds (assets) were mixed with investors assets.

 

[SLouTh]

IMO...
I wonder if the parents truly thought that 100% of their money went as a down payment on the apartment (purchased in their name), and MC look out a loan for the remainder?
[speculation only]

The reason being, they are most likely retired and probably would not meet the lending criteria for the banks, so maybe MC offered to have the loan in her name.

MC also appears to have the ‘knack’ for deceiving people, and she would know exactly what approach to take with her family. She had probably convinced herself that she was doing them a massive favour. Especially if the parents expressed gratitude.

IMO (I am not a legal practitioner)...
I would imagine that the parents would have a better outcome if they pushed for ownership on the apartment, compared to taking their chances with everyone else and receiving an apportionment of liquidated assets. When assets are liquidated and fees and charges for services deducted, there will be significantly less funds for distribution to creditors.

I can imagine that the level of research and searches required and undertaken by the liquidator, to track down the assets and investments would be exorbitant. Especially because it was reported that her personal funds (assets) were mixed with investors assets.

A very plausible scenario I think HJ...... also possible (speculation only) that MC told her parents that the dividends from their investments were paying for the mortgage.....

The only problem I see with this is that the Investors that were long time family friends will likely be more upset / possibly feel more deceived if MC's family push for ownership of the apartment, and ultimately end up with a higher return than the Investors...... JMO

 

[SLouTh]

One thing I don't understand is ..... MC stole all of that money.... why didn't she just purchase the properties outright???

Why go to all the trouble of deceiving banks etc when she could have just paid for the properties with the stolen money?

The thrill of it perhaps???

I also wonder if MC's family even knew she had mortgages on the properties...???? Especially given that she told people she made $80Million plus from selling that superannuation program supposedly....... I suspect the family may have thought the properties were owned outright..... (It's a shame for the Investors that they weren't)
All JMO

 

[minime9]

It just occurred to me that the $4000 allowance per month that MC’s parents received may have something to do with MC managing their super as a SMSF, but really it just came from her fraud.

I’m guessing there’s no written agreement in regards to the Edgecliffe apartment but if I were the parents I’d be pushing to get the deposit back and potentially get AG to take over the mortgage (if he can afford it). If not there’s probably other apartments they can move to in the area that wouldn’t stretch the budget so much.

Most of the investors will be getting back cents to the dollar.

 

[minime9]

One thing I don't understand is ..... MC stole all of that money.... why didn't she just purchase the properties outright???

Why go to all the trouble of deceiving banks etc when she could have just paid for the properties with the stolen money?

The thrill of it perhaps???

I also wonder if MC's family even knew she had mortgages on the properties...???? Especially given that she told people she made $80Million plus from selling that superannuation program supposedly....... I suspect the family may have thought the properties were owned outright..... (It's a shame for the Investors that they weren't)
All JMO

Adam at least knew fairly recently (last couple of years ) as he made 2 payments to MC over the space of a year or so totalling $140k and payment had reference as rent. Apparently MC asked AG to loan her the money for it. Lol

The parents knew that bit imo. There would have been an arrangement for them to be tenants due to tax “advantages “ for MC. I just think they didn’t realise that MC spent their deposits on trips to Aspen & Fiji & only paid the interest on the investment loan...

 

[SLouTh]

Adam at least knew fairly recently (last couple of years ) as he made 2 payments to MC over the space of a year or so totalling $140k and payment had reference as rent. Apparently MC asked AG to loan her the money for it. Lol

I'm not totally convinced the payments from AG to MC were for actual "rent" ..... You can write anything on a bank transfer..... I would like to see those payments investigated further....
Do you have a link for the part where MC asked AG for a loan as I haven't read that? Thanks

 

[minime9]

I'm not totally convinced the payments from AG to MC were for actual "rent" ..... You can write anything on a bank transfer..... I would like to see those payments investigated further....
Do you have a link for the part where MC asked AG for a loan as I haven't read that? Thanks

Look I’m not 100% the investment property scenario is legitimate either, but the last time I suggested this I got shut down. Also yes the “rent” payments rang alarm bells to me. Got shut down for that too.

I don’t think the parents really knew what was going on.