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

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  • #561
Yes Ms Lilly....it must be soooooo frustrating to hear that constantly from the media!

The missing money has to be somewhere or with someone..... how is it so untraceable???

And as she was so meticulous and documented everything.... to the point that even ASIC were surprised..... then one would assume she had an escape plan .... I wonder what documents were sent to shredding??? In the lead up before the raid??? And how did she erase the computer memory???
Nothing a team of Iranian document analysers that could do the job in their sleep, the problem is the siad "shredded" documents were disposed of after there distruction, or were they?
As for the PC it is recoverable. Just ask any 15 year old decent hacker, IMO.
 
  • #562
Quite interesting Troop .... and more-so is that the ATO is one of MC's two official "creditors".....
Of course the ATO will take a line in the money que. Now make an orderly line and take a number, (scrumagge starts).
 
  • #563
I would very much like to know if Melissa's former father-in-law is attending this procedure.. I can't find him on any of the documents, so far presented, but he had the unpleasant experience of Melissa forging his name on some financial papers ( he is an Accountant, I don't know if he is a CPA, but that is probable ) , which must have set the relationship between him , Anthony and Melissa on a very rocky path, way back in time.

This is probably where Antony's father became convinced of his son's lack of insight and incapacity to distinguish approaching trouble, perhaps.. He did say his son would never in a lifetime understand the paperwork... maybe that's true.... maybe not..
Did RC know at the time or did he find out after MCs disappearance?
 
  • #564
I would very much like to know if Melissa's former father-in-law is attending this procedure.. I can't find him on any of the documents, so far presented, but he had the unpleasant experience of Melissa forging his name on some financial papers ( he is an Accountant, I don't know if he is a CPA, but that is probable ) , which must have set the relationship between him , Anthony and Melissa on a very rocky path, way back in time.

This is probably where Antony's father became convinced of his son's lack of insight and incapacity to distinguish approaching trouble, perhaps.. He did say his son would never in a lifetime understand the paperwork... maybe that's true.... maybe not..
Did RC know at the time or did he find out after MCs disappearance?
The parents playing the old and grieving card when their daughter stole from them and placed them into this position. They are fighting for $1.1m ....what about the other Investors who lost more then $20m .... and some are also in the same age bracket as the parents....and many of the investors have lost their future lifestyle which was stolen by MC.
I understand we aren't allowed to speculate on certain people but I know I can say that how much do we know about what people know or knew?
 
  • #565
Did RC know at the time or did he find out after MCs disappearance?
RK found out about the forging of his signature after she disappeared.
 
  • #566
Why would MC’s parents make investment payment to MC as well as Maliver?

The parents should be treated as Investors like all the other Investors...why should they be treated differently. Why do they have different right to those of the other Investors?

MC lived of proceeds of crime and the funds should be treated as such!
I'm so sorry sweetheart, for what you've gone through.
 
  • #567
  • #568
If the Court dictates that they wait until the Coronial Inquest who then pays the mortgages and costs for the properties?

Let MC be held accountable for her fraud!
 
  • #569
If the Court dictates that they wait until the Coronial Inquest who then pays the mortgages and costs for the properties?

Let MC be held accountable for her fraud!
They (the Court's representative, not the parents) could sell the property ASAP and keep the proceeds in trust for the time being? And still calculate Melissa's and Maliver's affairs separately at this stage?
 
  • #570
They (the Court's representative, not the parents) could sell the property ASAP and keep the proceeds in trust for the time being? And still calculate Melissa's and Maliver's affairs separately at this stage?
Because the Edgecliff property is already In the hands of the Receiver'.. ( that is,, it has already been adjudged as being no longer under the control of Melissa, or any of her family, it is , like evidence, the property of the court ) the Grimleys are in the uncomfy position of arguing with a matter already decided.

They are objecting to the Edgecliff place being wholly made a part of Melissa's spurious scheme. Their position is, they bunged in $ 1 mill for it, way back in time. The Court says, well. .. prove it. And even if they did do that, it still has to be adjudicated as to whether that means they are entitled to keep the place.. They may get a percentage, like the investors, of their money back,, 2 cents in the dollar if all goes smoothly.. ( Highly unlikely at this stage ) ..

That won't be happening, due to the investors claims.

As it stands, unless the Grims can front up with indisputable evidence that they transacted with Melissa a $1 mill share of the cost , originally, ( and this is on paper that Melissa did not put the parents $1 mill contribution down as the deposit, she borrowed almost the entire cost ) to have them on the title as part share owners.. it's game over.

She certainly did them over like a duck dinner, that's for sure, and not for the first time, either.
 
  • #571
Because the Edgecliff property is already In the hands of the Receiver'.. ( that is,, it has already been adjudged as being no longer under the control of Melissa, or any of her family, it is , like evidence, the property of the court ) the Grimleys are in the uncomfy position of arguing with a matter already decided.

They are objecting to the Edgecliff place being wholly made a part of Melissa's spurious scheme. Their position is, they bunged in $ 1 mill for it, way back in time. The Court says, well. .. prove it. And even if they did do that, it still has to be adjudicated as to whether that means they are entitled to keep the place.. They may get a percentage, like the investors, of their money back,, 2 cents in the dollar if all goes smoothly.. ( Highly unlikely at this stage ) ..

That won't be happening, due to the investors claims.

As it stands, unless the Grims can front up with indisputable evidence that they transacted with Melissa a $1 mill share of the cost , originally, ( and this is on paper that Melissa did not put the parents $1 mill contribution down as the deposit, she borrowed almost the entire cost ) to have them on the title as part share owners.. it's game over.

She certainly did them over like a duck dinner, that's for sure, and not for the first time, either.
I think Ms Lilly has a point about mortgage payments ultimately coming out of investors' pockets. But I don't agree that this means that the calculations ought to be simplified by merging Melissa's and Maliver's affairs. What's merged is going to be a lot of trouble to unmerge. If they're kept separate, they can always be merged later on if that turns out to be appropriate.
 
  • #572
I think Ms Lilly has a point about mortgage payments ultimately coming out of investors' pockets. But I don't agree that this means that the calculations ought to be simplified by merging Melissa's and Maliver's affairs. What's merged is going to be a lot of trouble to unmerge. If they're kept separate, they can always be merged later on if that turns out to be appropriate.
The Court just addressed this ..... no mortgage payments have been made since last year when the Properties were "Frozen" by the provisional receivers. (Both properties)
 
  • #573
The Court just addressed this ..... no mortgage payments have been made since last year when the Properties were "Frozen" by the provisional receivers. (Both properties)
But does that mean that the debt to the banks is building up and eventually will be paid ahead of investors? I think a mortgage takes priority over unsecured debt.
 
  • #574
But does that mean that the debt to the banks is building up and eventually will be paid ahead of investors? I think a mortgage takes priority over unsecured debt.
I dont know..... possibly correct as you say as I have heard of that before..... but perhaps ASIC and Receivers together have the power to totally "freeze" an account... ???? I don't know???
The Banks are not listed, at this stage, as an "official creditor" ..... only the ATO and the Credit Cards ...
 
  • #575
But does that mean that the debt to the banks is building up and eventually will be paid ahead of investors? I think a mortgage takes priority over unsecured debt.
no...not exactly.... What will happen, is, what is called a Mortgagee's Sale will take place, and this is why the court will not allow the Grimleys to peruse the valuation put on the Edgecliff place by the Court appointed Liquidator, precisely to head off any collusion ( which would disadvantage the investors ) that may ensue because of that knowledge being broadcast..
 
  • #576
'The Grimleys were not the owners of the property on paper but have said they had a written agreement with their daughter that they would have a life tenancy.'

Well... there it is, people.. What their problem is going to be is, how to prove that the money Melissa invested in their apartment was not from the proceeds of crime. An impossible task. Melissa giving them (so they say ) life tenancy means exactly that. The length of Melissa's life. Which has now ceased. So to speak.

It is on these properties that the real tooth and claw stuff begins, Sydney Real estate being the unspoken religion across all levels of the community. Grimleys are burdened with the aspersion that they don't deserve Edgecliff.. as Antony doesn't deserve Dover Heights.. they were parvenues, arrivistes, charlatans.... and so on.. The claimants will indicate that the Grimleys have appropriated property rights where none existed due to the criminal nature of the funds supporting their lifestyle..


Fun and games could go on for years about this....

IMO MC giving her parents life tenancy means to the end of their lives, doesn't it? However, if you are correct and the coroner finds MC is more likely dead, then it would be at the end of MC's life? So does MC's will come into effect then or would NSW Trustee be the owner of the property then?

What if the coroner's findings are inconclusive?
 
  • #577
Also ..... we don't know if the following is in the property equation at all????

But did MC have insurance on the mortgages that would pay out in the event of her death???

This could drastically effect the total value of the asset pool.
 
  • #578
Going on all the previous documents that MC provided ...who can be sure that the one she provided her parents is legitimate!

Yes it could have been forged
 
  • #579
IMO MC giving her parents life tenancy means to the end of their lives, doesn't it? However, if you are correct and the coroner finds MC is more likely dead, then it would be at the end of MC's life? So does MC's will come into effect then or would NSW Trustee be the owner of the property then?

What if the coroner's findings are inconclusive?
We need a Property Law expert for this ..... as if I recall correctly the "tenants for life" was on the actual mortgage document...

One would assume if MC is found to be deceased then the agreement would no longer stand.... however, if there is mortgage insurance on the property ..... would the agreement still stand as the property would be paid for..... ???

If the coroner's finding is inconclusive then it is going to be an even worse mess to untangle ... IMO .....
 
  • #580
Tenant for Life ends with bankruptcy ....so if the MC is declared bankrupt the G’s have no claim on the Edgecliffe property!
Just found this - posted by Ms Lilly earlier....
Reposting as relevant to the current discussion...
 
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