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

[SLouTh]

I don't think the powers are transitive like that. Besides it would have been simpler for the parents to do what Melissa did . . . name two attorneys and specify in what circumstances each is to have the power. They could make it clear that AG is the backup where Melissa's not available.

Yes agree but MC must have made AG her EPOA for some reason in 2016??? It might have been as easy as everyone in the family was sorting out affairs etc ..... so it prompted her to do it..... maybe??? Or some other reason?? Who knows??

But then question of why a solicitor in Brisbane and not Sydney rears its head again???

 

[HelloJohnny]

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

My thoughts also.

Usually fraudsters/thieves get caught because family/friends/associates etc are suspicious about how they can afford the high life, or they are all of a sudden living beyond their means.

IMO...
A lot of thought and effort has been undertaken by MC to set the scene (as such) and to substantiate their wealth and lifestyle. I could imagine that it took a lot of work, and then a lot more money to maintain. Thus, the vicious cycle has been well and truly established. The more people she fooled, would have inadvertently fuelled the ‘need’ to generate more income. Thus, the never ending cycle is born.

I wonder if on some level, if she had begun to fool herself. Maybe even thinking she was doing good, rather than bad. Which is probably why she paid the investor who pulled out, a grossly inflated return. To prove that she was honest, amazing at her job, and did only the best for her investors. Kind of like, mitigating the situation to try and stop any potential fallout.

I think that it was very risky on her part, to get family and close friends involved. I ponder, as to why she did:

• Was it because they were easy marks?
• Or because she was in a pickle caught up in her own web of lies (easy quick fix)?
• Or (in an unbalanced way) had good intentions, but the situation was never going to play out this way?

Overall, I truly think that if she was thinking rationally, she would have recognised that.

 

[HelloJohnny]

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...

IMO...
I would hedge a bet that the funds were never for rent. It would not surprise me if MC told AG to transfer the funds to her account with the description of ‘rent’, as to not attract unwarranted attention from AUSTRAC, as the banks are legally required to report transactions $10k and greater.

Being on AUSTRAC watch list would have been one of hers greater fear (IMO).

After all this legalisation has been established to combat Anti-Money Laundering and Counter-Terrorism Financing

 

[JLZ]

IMO...
I would hedge a bet that the funds were never for rent. It would not surprise me if MC told AG to transfer the funds to her account with the description of ‘rent’, as to not attract unwarranted attention from AUSTRAC, as the banks are legally required to report transactions $10k and greater.

Being on AUSTRAC watch list would have been one of hers greater fear (IMO).

After all this legalisation has been established to combat Anti-Money Laundering and Counter-Terrorism Financing

I did a transaction recently for just over $10K. One financial institution to another. Am I on some list now? What's going to happen to me? An organization must be very busy if they're checking up on everyone who moves what's not so very much money after all.

 

[srper2]

I am wondering if MC had accountants and solicitors in QLD because she may have not wanted them to see the true extent of her extravagant lifestyle in Sydney? Perhaps having them in a different state helped her manipulate the facade more easily? MOO

 

[HelloJohnny]

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

Actually, I disagree. In my opinion, it was to prevent being on AUSTRACs watch list.

I think that it is plausible that...

• She may have given AG some trumped up story about using the description ‘rent’ for tax reasons. If AG was appreciative for all that she does for family, he may have thought it was a benign request. Thus, happy to comply.
• Or even cited the at arm’s length reasons (see ASIC guide 76)

ASIC - REGULATORY GUIDE 76
Related party transactions

My whole gut feeling says she would have been more wary of being flagged by AUSTRAC rather than complying with ASICs legalisation.

IMO...
I would hedge a bet that the funds were never for rent. It would not surprise me if MC told AG to transfer the funds to her account with the description of ‘rent’, as to not attract unwarranted attention from AUSTRAC, as the banks are legally required to report transactions $10k and greater.

Being on AUSTRAC watch list would have been one of hers greater fear (IMO).

After all this legalisation has been established to combat Anti-Money Laundering and Counter-Terrorism Financing

 

[srper2]

My thoughts also.

Usually fraudsters/thieves get caught because family/friends/associates etc are suspicious about how they can afford the high life, or they are all of a sudden living beyond their means.

IMO...
A lot of thought and effort has been undertaken by MC to set the scene (as such) and to substantiate their wealth and lifestyle. I could imagine that it took a lot of work, and then a lot more money to maintain. Thus, the vicious cycle has been well and truly established. The more people she fooled, would have inadvertently fuelled the ‘need’ to generate more income. Thus, the never ending cycle is born.

I wonder if on some level, if she had begun to fool herself. Maybe even thinking she was doing good, rather than bad. Which is probably why she paid the investor who pulled out, a grossly inflated return. To prove that she was honest, amazing at her job, and did only the best for her investors. Kind of like, mitigating the situation to try and stop any potential fallout.

I think that it was very risky on her part, to get family and close friends involved. I ponder, as to why she did:

• Was it because they were easy marks?
• Or because she was in a pickle caught up in her own web of lies (easy quick fix)?
• Or (in an unbalanced way) had good intentions, but the situation was never going to play out this way?

Overall, I truly think that if she was thinking rationally, she would have recognised that.

Yes, it seemed that she was on an almost manic spiral. I guess that she was expecting her parents to drop off the perch some time soon, have a moving family funeral with just her, AK, brother and grandson and since MC and brother both knew the spiel, no questions regarding the parents will/estate. Keep scamming ppl to join and repay the "stupid" people who wanted out from the money of new fools drawn into the ponzi. MC was still trying to up her status, trying to buy a more expensive rose bay house unsuccessfully. I think she was also planning to disappear OS with all the money but was caught out earlier than she planned and then could not flee because of the border lockdown. MC applying for a permit to leave OZ ...."to flee from the law and many angry investors".....

 

[HelloJohnny]

I think the father in law was mighty suspicious, but even he could not have imagined the scale of the scam. And what could he have said? Nothing that would take away the Audi from Anthony.. Anthony would never have been in any mood to listen to any of that kind of stuff.

Even when they got the horrible early morning banging on the door.. 'ello, ello, ello it's the AFP , folks' , Anthony was still telling friends ( 'investors' ) ' everything's all right, it's all in trust..'... None so blind as those that will not see.

Agree.

Plus most professionals in that field would never risk their career or reputation.

To retain membership to all of the three (3) professional accounting bodies in Australia, CA, CPA, and IPA you must be in good standing.

Furthermore, Tax Practioners Board (TPB) have strict requirements also. See TPB Fit and proper requirements for tax agents.

 

[Trooper]

Agree Troops ...
I have also wondered if MC was her parents EPOA???? And if that is why AG was made MC's EPOA in 2016....???? As a back up if something happened to MC???

As it could have been around 2016 when they were thinking of / or put the Family Home on the Market (it sold in 2017) and when MC took control of their finances??

Just a thought....

I think we can agree that the signing of any papers that Melissa did were done for purposes mostly for which they were NOT intended... Why wasn't AK made POA? well... because, he was a bit ditzy, and his father might lean on him.. all this making AG POA most likely was to pacify, to persuade, to nullify some bubbling questioning or conclusion-making thoughts going on that had to be headed off at the pass.

Also, it , obviously, gave AG a false sense of security, which he had right up until the wretched shoe with the bones in it were found.. imagine that!... and it was probably done to halt any worries AK might have, 'don't worry your pretty little blonde streaked head about it, Anthony,.. '... that kind of thing..

 

[BlueViolet]

My thoughts also.

Usually fraudsters/thieves get caught because family/friends/associates etc are suspicious about how they can afford the high life, or they are all of a sudden living beyond their means.

IMO...
A lot of thought and effort has been undertaken by MC to set the scene (as such) and to substantiate their wealth and lifestyle. I could imagine that it took a lot of work, and then a lot more money to maintain. Thus, the vicious cycle has been well and truly established. The more people she fooled, would have inadvertently fuelled the ‘need’ to generate more income. Thus, the never ending cycle is born.

I wonder if on some level, if she had begun to fool herself. Maybe even thinking she was doing good, rather than bad. Which is probably why she paid the investor who pulled out, a grossly inflated return. To prove that she was honest, amazing at her job, and did only the best for her investors. Kind of like, mitigating the situation to try and stop any potential fallout.

I think that it was very risky on her part, to get family and close friends involved. I ponder, as to why she did:

• Was it because they were easy marks?
• Or because she was in a pickle caught up in her own web of lies (easy quick fix)?
• Or (in an unbalanced way) had good intentions, but the situation was never going to play out this way?

Overall, I truly think that if she was thinking rationally, she would have recognised that.

Wasn’t she given notice in August of ASIC’s interest in her business dealings? It was also August that she returned that investor’s money + $300,000

 

[srper2]

I did have to laugh when I read that MC pretended she got her money from being paid 80 million for a fabulous system she created for money managers, but then used excel for her own business! Even that did not raise any questions from people! Seems nobody even asked her what it was called and followed that up (wonder she didn't convince them she created Windows too!!!). Endless smoke and mirrors.

 

[BlueViolet]

If the parents gave MC the money from their house to put towards the apartment, how was brother ever going to get his part of the inheritance if it was all in MC’s name?

 

[BlueViolet]

I did have to laugh when MC pretended she got her money from being paid 80 million for a fabulous system she created for money managers, but then used excel for her own business! Even that did not raise any questions from people! Seems nobody even asked her what it was called and followed that up (wonder she didn't convince them she created Windows too!!!). Endless smoke and mirrors.

... and the hotmail account.

 

[minime9]

I don’t know if Anthony would have been suss, she might have made out that she had that $80million+ career windfall when they met. I do think that brother should have been suspicious though, he works in finance too doesn’t he?

I’m referring to Anthony Caddick. The ex-husband.

She didn’t have the flash lifestyle when they were married, but he would have known what she did have when they got divorced. He also paid child support to her. He may have even known about past employment issues she had?

Going back to the child support thing if things weren’t amicable (imo they probably weren’t) then there’s a good chance that csa got involved & guess what.... when csa gets involved you find out each year what your ex’s taxable income is. Private collect or CSA collect you find out regardless..

Even if csa had no involvement I can guarantee that the son would be telling the Dad everything they had etc. Kids do that. He may have even visited the Dover Heights house & saw the Audi. He would 100% know that AK didn’t have money & assets & would know Melissa was the breadwinner . He would know what Melissa had when they divorced & as a corporate lawyer he’d have a pretty good idea of her capacity to earn.

He must have smelt a rat!! Poor guy.

 

[HelloJohnny]

I did a transaction recently for just over $10K. One financial institution to another. Am I on some list now? What's going to happen to me? An organization must be very busy if they're checking up on everyone who moves what's not so very much money after all.

Probably not on a watch list (I’m sure there’s certain flags and criteria) the transaction would have definitely been reported by the bank though. But if you haven’t done anything wrong, or not partaking in illegal activities, then it doesn’t really matter. This data is cross matched with other Government agencies too.

 

[OwlHeart]

Hey everyone

Look, I'm still on page 41 catching up but I don't think these questions I'm about to ask have been answered on 42 & 43:

1) who owned the Dover Heights home before MC?

2) someone mentioned casino/gambling transactions were amongst MC's financial records, maybe RedRunner. Can someone elaborate on that please?

I came in on this case at the beginning of February maybe later and there are many things I missed so I'm grateful for the helpful bunch you are

 

[srper2]

... and the hotmail account.

Ha ha, oh, I forgot about the hotmail!

 

[srper2]

DBM, sorry, double post!

 

[JLZ]

Probably not on a watch list (I’m sure there’s certain flags and criteria) the transaction would have definitely been reported by the bank though. But if you haven’t done anything wrong, or not partaking in illegal activities, then it doesn’t really matter. This data is cross matched with other Government agencies too.

I'm querying how much manual investigation they would need to do to establish that I and thousands of others are not doing something illegal whereas Melissa was. I find it unlikely that being flagged for receiving a couple of payments from her brother was one of her biggest fears.

 

[SLouTh]

I think we can agree that the signing of any papers that Melissa did were done for purposes mostly for which they were NOT intended... Why wasn't AK made POA? well... because, he was a bit ditzy, and his father might lean on him.. all this making AG POA most likely was to pacify, to persuade, to nullify some bubbling questioning or conclusion-making thoughts going on that had to be headed off at the pass.

Also, it , obviously, gave AG a false sense of security, which he had right up until the wretched shoe with the bones in it were found.. imagine that!... and it was probably done to halt any worries AK might have, 'don't worry your pretty little blonde streaked head about it, Anthony,.. '... that kind of thing..

Two questions.... maybe three....

Had AG resigned himself to not fighting any more on Melissa's behalf because he had come to the realization that the allegations of fraud were true??

Or did AG not present at Court for the last hearing, (nor did his / MC's Legal Team attend the last court hearing), because the money to fund the legal battle had run out?????

The shoe/foot had only been found the day before (Sun) and the hearing with ASIC was Monday morning.... and according to Police the family were informed Thursday..... So did AG know MC was most likely deceased, and did not attend?? (Remember ASIC asked for a copy of MC's Last Will and Testament that day as well, so ASIC must have known about the shoe.....)

AK logged in to the Court Hearing as he seems to have done for every hearing...

Has AG also been "ripped off" of what inheritance he may have had from his parents ??? (Assuming both children left equal amounts in their parents will) because of Melissa's actions with the Edgecliff property??

Just "food for thought" really....
All JMO