Found Deceased Australia - Melissa Caddick, 49, Sydney, NSW, 12 Nov 2020 #7

[SouthAussie]

Yes, I see. Unless AG is covering it, on the understanding that AK pay him back if he's ever able.

Probably a little unrealistic for AG to do that. It would be less expensive, if AG wanted to carry AK, to set him up in a far less expensive one bedroom flat elsewhere.

 

[drsleuth]

There's a little song I didn't write. you might not wanna sing it note for note.

Don't Wowwy Be Happy. Hugs For Drsleuth

Thanks ........I think

 

[JLZ]

Probably a little unrealistic for AG to do that. It would be less expensive, if AG wanted to carry AK, to set him up in a far less expensive one bedroom flat elsewhere.

$19K a month stops my brain. Why? I can understand paying $6 million for a house if you've got all that in cash. But to buy a huge obligation, month after month, --and it's not that nice a house! on a tiny slice of land!

I agree (not realistic) but then I feel like I have no idea how these people count money.

 

[Pepper77]

I agree with you. AK did not know nothing.
His father seems a bit over the top in insisting his son knows nothing about anything. That he is one step up from an imbecile.
Somehow AK survived before Melissa came along.

At this point in time this case is no longer about how 'bad' Melissa was. Nor is it about helping AK through his bereavement. It is now about retrieving every possible cent for the investors who were sucked in.

BBM I concur. I find it really distasteful that he keeps harping on about this.

 

[Trooper]

BBM I concur. I find it really distasteful that he keeps harping on about this.

This father doesn't have a lot of choice... He knows, we know, the cops know that either Anthony knows everything or he knows nothing. There is no inbetween here. It's the path of least trouble, sure, it's embarrassing claiming your son is a class A ning nong but the alternative is fraught with terrible repercussions.

 

[stormbird]

This father doesn't have a lot of choice... He knows, we know, the cops know that either Anthony knows everything or he knows nothing. There is no inbetween here. It's the path of least trouble, sure, it's embarrassing claiming your son is a class A ning nong but the alternative is fraught with terrible repercussions.

IMO there are lots of possible alternatives in between knowing everything or nothing. One would be that AK didn't know what was going on in Melissa's business affairs because he was not involved other than to live in the same house as her office. Even her investors didn't know what was going on, and that was despite getting reports once a month and even visiting Melissa's house to discuss their investments: "One victim, [FR], recalls that whenever she and her wife [C] met Caddick at her home to go over their finances, Caddick repeatedly licked her lips." - The Age, 24 Apr 2021 (BBM)

I can easily understand that AK might not have had the capacity to understand financial affairs, because I don't have much of that capacity either (can anyone explain how Melissa was able to make money by forging her boss's signature on cheques? Would she have set up a sham company owned by herself and be making payments to that?). Maybe in referring to a lack of "capacity" his father meant a lack of intelligence, but I think it's more likely he meant that AK did not have the financial skills or knowledge or - more importantly in the circumstances - the scepticism to recognise that Melissa was allegedly conning everybody.

 

[JLZ]

IMO there are lots of possible alternatives in between knowing everything or nothing. One would be that AK didn't know what was going on in Melissa's business affairs because he was not involved other than to live in the same house as her office. Even her investors didn't know what was going on, and that was despite getting reports once a month and even visiting Melissa's house to discuss their investments: "One victim, [FR], recalls that whenever she and her wife [C] met Caddick at her home to go over their finances, Caddick repeatedly licked her lips." - The Age, 24 Apr 2021 (BBM)

I can easily understand that AK might not have had the capacity to understand financial affairs, because I don't have much of that capacity either (can anyone explain how Melissa was able to make money by forging her boss's signature on cheques? Would she have set up a sham company owned by herself and be making payments to that?). Maybe in referring to a lack of "capacity" his father meant a lack of intelligence, but I think it's more likely he meant that AK did not have the financial skills or knowledge or - more importantly in the circumstances - the scepticism to recognise that Melissa was allegedly conning everybody.

I think perhaps that when an accountant says someone doesn't have the capacity to understand a financial scheme, he's meaning something slightly different, applying a higher standard, than a less educated person would be. And I think there might be some irritation with his son playing into the comment, if Rodo's tried to tell AK that Melissa's expenditure is out of proportion to what her income ought to be, and AK wouldn't even try to understand his point.

 

[bearbear]

I don't know what the family situation is from his point of view--I don't necessarily blame him for not moving in with them. But otherwise he probably can't afford to remain in Sydney, and apparently there's a lot of competition for rental properties in NSW regional towns too. When I move as a renter just in Brisbane, it's months of solid work to find a place. Looking to move to another city, that's a really big task.

also, isnt melissas son still living with him at dover heights and possibly their dogs?
i can understand from the investors point of view but also feel very much for her son, losing his mother, he may need the sense of security and comfort living where his life was happy with his mother

 

[JLZ]

also, isnt melissas son still living with him at dover heights and possibly their dogs?
i can understand from the investors point of view but also feel very much for her son, losing his mother, he may need the sense of security and comfort living where his life was happy with his mother

There've been a lot of changes through his life--of places, of people. Not ideal for his developing attachment style.

 

[SouthAussie]

also, isnt melissas son still living with him at dover heights and possibly their dogs?
i can understand from the investors point of view but also feel very much for her son, losing his mother, he may need the sense of security and comfort living where his life was happy with his mother

While it is nice to be empathetic toward Melissa and her ex-husband's son, and the dogs, do you think it is okay for the investors to be paying for the very expensive roof over their heads?

$19,000 a month.

By the time they are obliged to give an answer as to whether or not they will agree to the liquidators date of leaving the premises, $76,000 more will be owing on the mortgage.

That is $76,000 less in the investor returns. And that is more than some people earn in a year.
.

 

[MsLilly]

While it is nice to be empathetic toward Melissa and her ex-husband's son, and the dogs, do you think it is okay for the investors to be paying for the very expensive roof over their heads?

$19,000 a month.

By the time they are obliged to give an answer as to whether or not they will agree to the liquidators date of leaving the premises, $76,000 more will be owing on the mortgage.

That is $76,000 less in the investor returns. And that is more than some people earn in a year.
.

Considering that they already have had 8 years living off the Investors....isn’t it time this ends?

 

[SouthAussie]

Considering that they already have had 8 years living off the Investors....isn’t it time this ends?

It is way past time when it should have ended. I don't even understand why they are being given until 30th July to make up their minds whether or not they will agree to a date to leave the premises.

And I struggle to understand why the court has not served them with an eviction notice. 30 days and they're out.

 

[SLouTh]

New article ....
Melissa Caddick’s business advisers to be examined in ASIC investigation | Daily Telegraph

ASIC has asked the Federal Court to allow Gleeson to throw a wide net and quiz bankers, solicitors, stockbrokers, accountants, consultants and other professionals, who provided advice to Caddick or her company Maliver.

 

[SLouTh]

The Telegraph article above also makes some interesting statements.......

• It says, that Police believe MC killed herself on the evening of, or the day after, the raid, by AFP acting on behalf of ASIC.

• Caddick also owns a ski lodge in Aspen and her gaudy but pricey jewelry has been valued by Pickles.

• And that Melissa's parents have foreshadowed a challenge to any bid to sell the $2.55 million Edgecliff penthouse their daughter bought for them, claiming they contributed to it.

Not sure how accurate some of those claims are??? JMO

 

[Marg from Oz]

Wow, she owned a ski lodge? Wonder whether it was mortgaged or she paid it outright.

 

[JLZ]

The Telegraph article above also makes some interesting statements.......

• It says, that Police believe MC killed herself on the evening of, or the day after, the raid, by AFP acting on behalf of ASIC.

• Caddick also owns a ski lodge in Aspen and her gaudy but pricey jewelry has been valued by Pickles.

• And that Melissa's parents have foreshadowed a challenge to any bid to sell the $2.55 million Edgecliff penthouse their daughter bought for them, claiming they contributed to it.

Not sure how accurate some of those claims are??? JMO

It's true that the jewellery has been valued by Pickles. And some of it has been identified as having been bought with investor funds. The court has the details but we don't.

 

[JLZ]

Wow, she owned a ski lodge? Wonder whether it was mortgaged or she paid it outright.

Unlikely unless that's a discovery this weekend. The amended originating process lodged late last week defines "real property" in the context of that document to mean two particular properties. In other words the document is not aware of Melissa having owned a third item of real estate.

 

[SouthAussie]

The Telegraph article above also makes some interesting statements.......

• It says, that Police believe MC killed herself on the evening of, or the day after, the raid, by AFP acting on behalf of ASIC.

• Caddick also owns a ski lodge in Aspen and her gaudy but pricey jewelry has been valued by Pickles.

• And that Melissa's parents have foreshadowed a challenge to any bid to sell the $2.55 million Edgecliff penthouse their daughter bought for them, claiming they contributed to it.

Not sure how accurate some of those claims are??? JMO

And as to the 3rd item ... Melissa's parents have been rolling a caveat on the apartment for a little while now. That will be tied up in their challenge to the courts (about the $1M).

 

[Redrunner]

Yes, the bank gets its money - all of it, including the 'missed months' - from the sale of the property. Which means that the investors are continuing to pay for AK's occupancy.

And still enjoying a free ride. Go to work, already!

 

[Redrunner]

Considering that they already have had 8 years living off the Investors....isn’t it time this ends?

When will the gravy train stop?