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

[MsLilly]

I do wish that members of the media would stop referring to MC as a business woman.....she is a fraudster, con artist and criminal... and she should be referred to as either of these terms.

She was a meticulous and fastidious planner and nothing was left to chance.

IMO.....she had an escape plan and did not act alone!

 

[Patriciaf]

I do wish that members of the media would stop referring to MC as a business woman.....she is a fraudster, con artist and criminal... and she should be referred to as either of these terms.

She was a meticulous and fastidious planner and nothing was left to chance.

IMO.....she had an escape plan and did not act alone!

 

[Trooper]

When one's estate, so to speak, is put 'In the Receiver's Hands'... it's already a lost cause. It's only a matter of cleaning up the residue, and in Melissa's case, not much of that residue is available, in reality.. On paper, there is lots, but to turn that into actual dollars in someone's account is a very long and not very often happy journey.

In this action of Melissa's I understand there are quite a few warring factions, and that means, in these kinds of cases , war until death of the other is achieved. There is no other ending. There are those that joined up in a class action, there are those that are a family group, there are solo claimants, all vying , warring, scrabbling for the same dollar.


Then , there is Melissa's family group, at war with every single claimant, every class action claimant, every Govt Org Claimant..

( I don't know who the Grimley's lawyer is, .. how they'll find the $$$ to pay him , a mystery, I doubt if any one would take this on on a win only fee basis.. )

Then there is the ATO ( Au Tax Office ) .. They'll be taxing every cent Melissa ever acquired and then they'll be taxing the recipients of any residue of the estate.. These are the quiet boys in dark suits sitting up the back of the court. No body is walking out of that court without an ATO officer on their case.

 

[SLouTh]

When one's estate, so to speak, is put 'In the Receiver's Hands'... it's already a lost cause. It's only a matter of cleaning up the residue, and in Melissa's case, not much of that residue is available, in reality.. On paper, there is lots, but to turn that into actual dollars in someone's account is a very long and not very often happy journey.

In this action of Melissa's I understand there are quite a few warring factions, and that means, in these kinds of cases , war until death of the other is achieved. There is no other ending. There are those that joined up in a class action, there are those that are a family group, there are solo claimants, all vying , warring, scrabbling for the same dollar.


Then , there is Melissa's family group, at war with every single claimant, every class action claimant, every Govt Org Claimant..

( I don't know who the Grimley's lawyer is, .. how they'll find the $$$ to pay him , a mystery, I doubt if any one would take this on on a win only fee basis.. )

Then there is the ATO ( Au Tax Office ) .. They'll be taxing every cent Melissa ever acquired and then they'll be taxing the recipients of any residue of the estate.. These are the quiet boys in dark suits sitting up the back of the court. No body is walking out of that court without an ATO officer on their case.

Quite interesting Troop .... and more-so is that the ATO is one of MC's two official "creditors".....

 

[SLouTh]

I do wish that members of the media would stop referring to MC as a business woman.....she is a fraudster, con artist and criminal... and she should be referred to as either of these terms.

She was a meticulous and fastidious planner and nothing was left to chance.

IMO.....she had an escape plan and did not act alone!

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???

 

[SLouTh]

Paraphrasing the Daily Telegraph article
Melissa Caddick’s parents may lose Edgecliff home purchased in her name | Daily Telegraph

• Mr Bender (The Contradictor) told the court that no one could be authorized to sell MC's 2 properties or other assets until an inquest was held.
• Mr Bender also went on to say that Investors shouldn’t be able to get their hands on what assets she has left until a coroner decides if MC is dead or alive.
• He also said that when the ASIC raided her Dover Heights home on November 11, they did not serve any documents seeking to seize her assets. That wasn't done until five months later.
• Counsel for ASIC, Mr F Assaf SC, stated that evidence was that “on the balance of probabilities” that she was dead but the cause and date of her death had not been determined.
• ASIC wants receivers and liquidators appointed to Caddick’s estate and her company Maliver as soon as possible to claw back between $6 million and $16 million left for the 72 investors who handed over almost $30.2 million to MC
• ASIC argued that MC's funds and the funds of Maliver were mixed after she set up the company to perpetrate her “elaborate” fraud of a “Ponzi scheme” of which she was the “mastermind”.

Part 1

 

[SLouTh]

Part 2 of the article:

• The court heard that Melissa Caddick, potentially left two wills, written in 2016 and 2019.
• The content of the wills have been suppressed.
• MC's parents lost their fight to find out the valuation the provisional liquidators have put on their Edgecliff Apartment.
• Counsel for the Grimleys, Sera Mirzabegian, told the court they were ”potential” buyers of the property.
• Justice Brigette Markovic agreed with the provisional liquidators that the valuation was a commercial matter and to release it, even to the Grimleys, could prejudice the administration of justice.

Melissa Caddick’s parents may lose Edgecliff home purchased in her name | Daily Telegraph

 

[SLouTh]

Part 2 of the article:

• The court heard that Melissa Caddick, potentially left two wills, written in 2016 and 2019.
• The content of the wills have been suppressed.
• MC's parents lost their fight to find out the valuation the provisional liquidators have put on their Edgecliff Apartment.
• Counsel for the Grimleys, Sera Mirzabegian, told the court they were ”potential” buyers of the property.
• Justice Brigette Markovic agreed with the provisional liquidators that the valuation was a commercial matter and to release it, even to the Grimleys, could prejudice the administration of justice.

Melissa Caddick’s parents may lose Edgecliff home purchased in her name | Daily Telegraph

New article here about all of this ....

Melissa Caddick’s parents stake claim in $2.5 million Edgecliff penthouse (smh.com.au)

 

[Trooper]

Quite interesting Troop .... and more-so is that the ATO is one of MC's two official "creditors".....

ATO will probably be the only winner here, in a biggish way.. If.. and it's only IF, these poor 'investors' are deemed any skerrick of reparation, the ATO will step in and deem it all as one years earnings.. bang goes 48% of it... yes, it's awful, but there it is..


I reckon the Grimleys will have to sail quietly in to some psychological harbour and look for a residence elsewhere. . It is highly unlikely that any investor claimant will willingly donate to their cause, not even $10 , much less $1000's... people just are not like that, in this environment. I suspect the claimants generally would find it difficult to believe that the Grimley family knew nothing at all.

 

[SLouTh]

ATO will probably be the only winner here, in a biggish way.. If.. and it's only IF, these poor 'investors' are deemed any skerrick of reparation, the ATO will step in and deem it all as one years earnings.. bang goes 48% of it... yes, it's awful, but there it is..


I reckon the Grimleys will have to sail quietly in to some psychological harbour and look for a residence elsewhere. . It is highly unlikely that any investor claimant will willingly donate to their cause, not even $10 , much less $1000's... people just are not like that, in this environment. I suspect the claimants generally would find it difficult to believe that the Grimley family knew nothing at all.

What will happen to all the "tax" the investors have paid to the ATO, on now what is non existent money and non existent profit returns on that money??? Will the ATO refund investors???? Voluntarily?? Or will it take a class action for them to do that???
It's very messy....

 

[Trooper]

New article here about all of this ....

Melissa Caddick’s parents stake claim in $2.5 million Edgecliff penthouse (smh.com.au)

'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....

 

[Trooper]

What will happen to all the "tax" the investors have paid to the ATO, on now what is non existent money and non existent profit returns on that money??? Will the ATO refund investors???? Voluntarily?? Or will it take a class action for them to do that???
It's very messy....

and what about those that didn't pay tax or report their rising revenue ( although it was forged ) to the ATO??? intent to de -fraud the commonwealth?? a likely outcome.

Whatever the ATO decides to do, one thing is for sure, it will do it slowly, expensively, reluctantly, and with the minimum amount of normal human courtesy.

 

[SLouTh]

Whatever the ATO decides to do, one thing is for sure, it will do it slowly, expensively, reluctantly, and with the minimum amount of normal human courtesy.

LOL!!!!! Too true!

 

[Sophist]

Part 2 of the article:

• The court heard that Melissa Caddick, potentially left two wills, written in 2016 and 2019.
• The content of the wills have been suppressed.
• MC's parents lost their fight to find out the valuation the provisional liquidators have put on their Edgecliff Apartment.
• Counsel for the Grimleys, Sera Mirzabegian, told the court they were ”potential” buyers of the property.
• Justice Brigette Markovic agreed with the provisional liquidators that the valuation was a commercial matter and to release it, even to the Grimleys, could prejudice the administration of justice.

Melissa Caddick’s parents may lose Edgecliff home purchased in her name | Daily Telegraph

Hi SLouTh
Does “potential buyers” mean the Grimleys stake a claim of ownership on Edgecliff with their initial ‘investment’ or that they are intending to now purchase the property with the funds going to the victims? I’m confused by the language as buyers sounds like they will purchase where as owners would sound as though they already had through the deal with Melissa….

 

[Estelle]

Hi SLouTh
Does “potential buyers” mean the Grimleys stake a claim of ownership on Edgecliff with their initial ‘investment’ or that they are intending to now purchase the property with the funds going to the victims? I’m confused by the language as buyers sounds like they will purchase where as owners would sound as though they already had through the deal with Melissa….

I am also confused. When I first read it, it sounds as if the Grimleys wish to buy Edgecliff and are wondering what valuation has been put on it and assume they are wanting their original $1m they gave to MC taken into consideration so they just have to find the difference. If this is correct, I will be very suspicious about where they are going to get the extra money from.

 

[SLouTh]

Hi SLouTh
Does “potential buyers” mean the Grimleys stake a claim of ownership on Edgecliff with their initial ‘investment’ or that they are intending to now purchase the property with the funds going to the victims? I’m confused by the language as buyers sounds like they will purchase where as owners would sound as though they already had through the deal with Melissa….

Hi Sophist,

Sadly I missed that part of the court proceedings, but the Grimley's Barrister is scheduled for reply again tomorrow.....

I can only go on what the newspaper reports are saying...... for this particular matter...

There is this quote from the DT .....

Edward and Barbara Grimley believe they have a 37 per cent interest in the luxury penthouse along with the right to live there as long as they want, it was revealed in court.
Melissa Caddick’s parents may lose Edgecliff home purchased in her name | Daily Telegraph

And this from the SMH

Appearing remotely in the Federal Court in Sydney on Wednesday, barrister Sera Mirzabegian, acting for Ms Caddick’s parents Ted and Barbara Grimley, said the couple’s “position is that in exchange for contributing more than $1 million towards [the Edgecliff property] ... they obtained at least a 37 per cent equitable interest in the property and the right to live in” it. Ms Caddick bought the penthouse in 2016 for $2.55 million.

Ms Mirzabegian said the receivers were seeking to “redact” or “suppress” the value of the Grimleys’ life estate in the property from a property valuation. A life estate refers to an interest in property that ends when a person dies.

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.

Ms Mirzabegian said the property would “have to go to market” and there was nothing confidential about the value of the life interest, which would be less than the price a buyer would pay for the apartment. But Justice Brigitte Markovic said a non-publication order over that information was necessary to prevent prejudice to the proper administration of justice.
Melissa Caddick’s parents stake claim in $2.5 million Edgecliff penthouse (smh.com.au)

Hopefully this helps explain it better?

 

[SLouTh]

I am also confused. When I first read it, it sounds as if the Grimleys wish to buy Edgecliff and are wondering what valuation has been put on it and assume they are wanting their original $1m they gave to MC taken into consideration so they just have to find the difference. If this is correct, I will be very suspicious about where they are going to get the extra money from.

Agree Estelle.... I don't know what "context" the question was asked in..... I am assuming it was in regards to the alleged 37% Share of the property ....

Perhaps if anyone was online at the time they could answer this???

I do know that we have seen the "tenants for life" document in the affidavits, earlier on in this case / thread.

 

[Estelle]

Life Estates

Life estates - Registrar General's Guidelines

Is this what is meant?

 

[SLouTh]

Life Estates

Life estates - Registrar General's Guidelines

Is this what is meant?

Yes I think so ..... from memory the G's were "tenants for life" on the mortgage papers of the Edgecliff property .....
We will have to go back and try and find the document in the affidavits....

 

[OwlHeart]

That's an interesting point, I am convinced that there are other players in this sorry saga.

PM me for an interesting insight please

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......

Exactly.