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

[Trooper]

I’ll bet the farm there is a good stash somewhere.

And someone was oddly calm and serene about the whole event, too... just drove around to fave spots, maybe , a day, more perhaps, give the police a bit of a tinkle... take the dogs for a walk, bring the bins in......

 

[they'll get you]

And someone was oddly calm and serene about the whole event, too... just drove around to fave spots, maybe , a day, more perhaps, give the police a bit of a tinkle... take the dogs for a walk, bring the bins in......

I’ll go further and say ‘smug with a stupid grin’ at times.
I’d like to know if he’s working again because you’d have to be a right knucklehead to dip into a stash so quickly, but hey.

 

[they'll get you]

I used to deliver the mail and found myself at a ramshackle humpy and who came to the door, the local financial advisor. I googled the property and he was renting but wow his office was incredible. If I ever needed financial advice he would not be one for me. Maybe I’m just as impressionable as her investors.
Melissa used her clients funds to make sure she walked the walk and talked the talk.
Look at me, look at me, you can be just like me and they fell for it hook, line and sinker

 

[stormbird]

NEW ARTICLE - SO MUCH MONEY IS STILL MISSING...
The court heard a total of just over $8.5m was repaid to creditors during the eight-year scheme, leaving a gap of $23m.
Caddick’s alleged scheme laid bare in court

From Mr Murphy's link:

"The court heard some of those funds [from investors] were used to pay for a luxurious lifestyle and to purchase 'rural property, motor vehicles, artworks and jewellery'." BBM

Rural property?? Is that correct? If so, it is one property or more than one? Where?

 

[SLouTh]

From Mr Murphy's link:

"The court heard some of those funds [from investors] were used to pay for a luxurious lifestyle and to purchase 'rural property, motor vehicles, artworks and jewellery'." BBM

Rural property?? Is that correct? If so, it is one property or more than one? Where?

I noticed that too Stormy.... but so far, I can only find that reference in one news article....

Kate Mc Clymont (who has followed this case in the SMH) writes the following re the properties ......

He (ASIC Barrister) said she had spent investors’ funds on two properties in Sydney’s eastern suburbs, luxury motor vehicles, designer clothing, artwork and jewellery.

Melissa Caddick’s ‘trappings of wealth’ a front for her Ponzi scheme (smh.com.au)

 

[SLouTh]

You can listen now at this link for anyone interested

Direct recording from room3@fedcourt.gov.au

Federal Court Listing for NSW

Thanks Doc ... hopefully this will work again tomorrow??

 

[SLouTh]

'“Because of the fraudulent nature of this scheme … it was Ms Caddick who was the controlling mind of Maliver and therefore we invite the court to draw no distinction between the activities of Ms Caddick and Maliver,” he said.

(italics mine ).... this is the prosecutor speaking here, and to me, this is interesting, in so far as , it appears, that the DPP is arguing that Maliver, and anyone associated with Maliver, ( secretaries, accountants, advisors, go-fers, enablers etc ) are likewise tainted with the accusation and allegation of criminal activity.

Anyone else see it that way?

I'm not sure Troop???? I took it that Maliver and MC were one and the same.....???

From the Dt Article:
ASIC wants the provisional liquidators appointed to Caddick’s private assets, Bruce Gleeson and Daniel Soire, to also be appointed to assets held by her company Maliver because the funds were mixed.

“We say Maliver was all a sham,” Mr Assaf said.

Melissa Caddick spent up to $24m of investor funds on herself | Daily Telegraph

But I did read somewhere, a week or so ago, that they were calling the accountants etc to explain their "lack of" actions ....

 

[stormbird]

I noticed that too Stormy.... but so far, I can only find that reference in one news article....

Kate Mc Clymont (who has followed this case in the SMH) writes the following re the properties ......

He (ASIC Barrister) said she had spent investors’ funds on two properties in Sydney’s eastern suburbs, luxury motor vehicles, designer clothing, artwork and jewellery.

Melissa Caddick’s ‘trappings of wealth’ a front for her Ponzi scheme (smh.com.au)

I'm disappointed But thanks SLouTh.

 

[SLouTh]

But I did read somewhere, a week or so ago, that they were calling the accountants etc to explain their "lack of" actions ....

Caddick’s SMSF auditors face potential class action | Accountants Daily

 

[Kemug]

Maybe she wasn't quite normal.

 

[SLouTh]

I'm disappointed But thanks SLouTh.

Yes, so am I ...... How can one person spend all of that money??? my mind boggles!!

They must have had some awesome holidays....... all on other people's money!!!
Did MC "shout" her entire family on all of these 1st Class jaunts ????

It just doesn't make sense, that there is not a "stash" somewhere???? Surely that much money can not just be spent on living and shopping??? Millions........??? (thousands I could understand, but not millions of $)JMO

 

[Estelle]

From Mr Murphy's link:

"The court heard some of those funds [from investors] were used to pay for a luxurious lifestyle and to purchase 'rural property, motor vehicles, artworks and jewellery'." BBM

Rural property?? Is that correct? If so, it is one property or more than one? Where?

I think that is a mistake and it should read "residential" property.

 

[Estelle]

Yes, so am I ...... How can one person spend all of that money??? my mind boggles!!

They must have had some awesome holidays....... all on other people's money!!!
Did MC "shout" her entire family on all of these 1st Class jaunts ????

It just doesn't make sense, that there is not a "stash" somewhere???? Surely that much money can not just be spent on living and shopping??? Millions........??? (thousands I could understand, but not millions of $)JMO

It just doesn't add up! Over how many years are we talking about? 3-4 million per year? Impossible. And to think her partner and family just turned a blind eye to it, on the one hand, and enjoyed the benefits of it on the other. There must be a stash of cash somewhere and whoever knew about it, bumped her off, IMO.

 

[Estelle]

There must be more players in this case that we don't know about and perhaps never will.

 

[drsleuth]

Link for today

QuickChannel

Federal Court Listing for NSW

 

[Redrunner]

NEW ARTICLE - SO MUCH MONEY IS STILL MISSING...
The court heard a total of just over $8.5m was repaid to creditors during the eight-year scheme, leaving a gap of $23m.
Caddick’s alleged scheme laid bare in court

The actual gap was between $15 M - $23.7 M, as outlined by ASIC’s barrister, Farid Assaf SC.

 

[Redrunner]

'“Because of the fraudulent nature of this scheme … it was Ms Caddick who was the controlling mind of Maliver and therefore we invite the court to draw no distinction between the activities of Ms Caddick and Maliver,” he said.

(italics mine ).... this is the prosecutor speaking here, and to me, this is interesting, in so far as , it appears, that the DPP is arguing that Maliver, and anyone associated with Maliver, ( secretaries, accountants, advisors, go-fers, enablers etc ) are likewise tainted with the accusation and allegation of criminal activity.

Anyone else see it that way?

I see it as an open slather for further potenial prosecutions.

 

[Redrunner]

There must be more players in this case that we don't know about and perhaps never will.

Yes Estelle, I have no doubt there are others on the "edges of Malivers downfall" that had played a bigger part than we already know. I believe the NSW investigators know potentially who these individuals are, but for some reason we hear nothing. Does that mean there work is done, or does it mean there inquires are still ongoing.
And what of the outcome of MC autopsy? So many questions, not related to the issues of fraud, recovering and selling assets.

 

[Redrunner]

There must be more players in this case that we don't know about and perhaps never will.

We, the general public will never know.

 

[SLouTh]

Link for today

QuickChannel

Federal Court Listing for NSW

Thanks again Doc, for anyone who wants to listen in they are adjourned for lunch until 2pm.....

Has anyone been listening in? As I would like to clarify a question???

Is the Judge telling ASIC that the property of MC and Maliver should be separated and 2 separate receivers / liquidators be appointed??

And to whom would this benefit??? (I am wondering if it has to do with the beneficiaries of the Will versus the Investors???) But I don't know?
Can anyone explain?

I also noted in the news articles yesterday that MC's parents (Grimley's) were listed as very separate creditors.....

E.g. The court heard Ms Caddick’s parents, Edward and Barbara Grimley, were now interested parties in the court proceedings to carve up their daughter’s assets.
www.news.com.au/national/nsw-act/courts-law/missing-sydney-woman-melissa-caddick-used-sham-investment-firm-to-rake-in-millions-court-hears/news-story/cca746f492e5e29e5658cd9253df0431