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

[SLouTh]

but I recall Body Corporate fees being listed as a cost in the Budget in AG’s affidavit 8/12/20...

Body Corp Fees were definitely paid directly from MC's accounts too ..... they were quite a large amount paid quarterly I think from memory ..... (well they appeared a large amount to me, as I am not familiar to Body Corporate Fees paid in Sydney)

 

[SLouTh]

It has to be said, that Melissa put as much work into her fraud as would have taken to run a kosher financial service. Looking back on some of the stocks she said she had obtained for her clients, they really could have all been multiple millionaires by now, each and every one, and Melissa adored and worshipped to the end of her long and highly successful life..

But no. Some people actually prefer the bent life.

BBM
This is the most astounding and ridiculous part!! Agree Troop !

 

[SLouTh]

Melissa Caddick's childhood friend felt betrayed after handing over life savings to fraudster, court told


Katherine Horn went to preschool and high school with Ms Caddick and lived three doors down from her in the southern Sydney suburb of Lugarno.

In an affidavit to the Federal Court's investigation into her business dealings, Ms Horn described Ms Caddick as a trustworthy, "long-term, close friend" with whom she began investing in 2012.

Ms Horn ultimately paid $579,518.60 to Ms Caddick and only received $15,000 back.

From the article .... deception right up until the end!!!

The last contact Ms Horn had with the businesswoman was a text message in November asking about a lunch they were organising with their mothers.

On the day Ms Caddick's home was raided by the Australian Federal Police, she texted Ms Horn back and said she was "all good" for the lunch.

I also wonder why the AFP didn't confiscate her phone? Unless she had 2 perhaps??

 

[SLouTh]

I think the parents thought that Melissa did, in fact, actually hold the title to the Edgecliff place.. I know the brother was rudely awakened to the fact after Melissa went missing that the fancy apartment in Aspen was rented by Melissa and not owned by her as he thought, and he thought that because she had told him she left it to him in her will, he thought he was up for it.

Big shock to find out it was rented, ( $ 54,000.00 US a month, if you please ) ...

I still wonder if the Aspen Property is in another name??? And MC was paying "rent" to herself as a tax dodge???
Much like how she set up the Edgecliff Property ....

"Aspen is held in Caddick Colorado Bear Trust."
Pg. 33
Redacted-affidavit-of-Bruce-Gleeson-sworn-25-June-2021.pdf (fedcourt.gov.au)

That could explain some of the missing $$$ IMO

 

[Via Marple]

The Affidavit has the letter from Baker McKenzie that stated they were acting of behalf of the parents on a pro bono basis.

I am more and more impressed by the G's. I know Baker McKenzie without having to google it!

 

[SLouTh]

New affidavits in the online file: ASIC v Caddick - Online file

So glad that these have been lodged for the court, lets the Judge read for herself, the impact of MC's total deception of Investors.... a good move by ASIC defense I think .....
All IMO

 

[Sophist]

Just because the G's solicitor is "pro-bono" doesn't necessarily mean their Barrister is pro- bono. JMO
However, they must feel they have a good chance of a reasonable amount of $ being returned ....

Does anyone know how big a pool of money is being contested here??
I know she took in a substantial amount of money but from what has been reported it is mostly unaccounted for, so even without all the fees and costs associated with this legal argument surely no one can expect much of a return…

 

[Sophist]

Could be nothing re bones found but the related articles are about Melissa

Young boy finds 'human bones' obush track in Nelson Bay NSW | Daily Mail Online

 

[SLouTh]

Does anyone know how big a pool of money is being contested here??
I know she took in a substantial amount of money but from what has been reported it is mostly unaccounted for, so even without all the fees and costs associated with this legal argument surely no one can expect much of a return…

I think there is a reasonable amount in MC's Personal Estate ..... there is $4 Million in accounts, the properties, possibly a life insurance payout, plus the cars and other items that will be auctioned ..... and most likely other assets we don't know about as yet....

Seventhly, ASIC has obtained updated information from various financial institutions which show that as at 7 December 2020 there is approximately $4million in various bank accounts held by the defendants.
012_Submissions-lodged-by-ASIC-on-11-December-2020.pdf (fedcourt.gov.au)

They were arguing in the Federal Court that the Personal Estate and the Maliver Estate be kept separate... and Bender stated that the Personal Estate was in a financial position not to liquidated ..(as in, accounts have enough money in them to be viable)

I think the G's are trying to be recognized as "creditors" for a better financial outcome .... and paid in the first group... (rather than part of the "pool" that will be divided up for investors ...)

All JMO

 

[Trooper]

I think there is a reasonable amount in MC's Personal Estate ..... there is $4 Million in accounts, the properties, possibly a life insurance payout, plus the cars and other items that will be auctioned ..... and most likely other assets we don't know about as yet....

Seventhly, ASIC has obtained updated information from various financial institutions which show that as at 7 December 2020 there is approximately $4million in various bank accounts held by the defendants.
012_Submissions-lodged-by-ASIC-on-11-December-2020.pdf (fedcourt.gov.au)

They were arguing in the Federal Court that the Personal Estate and the Maliver Estate be kept separate... and Bender stated that the Personal Estate was in a financial position not to liquidated ..(as in, accounts have enough money in them to be viable)

I think the G's are trying to be recognized as "creditors" for a better financial outcome .... and paid in the first group... (rather than part of the "pool" that will be divided up for investors ...)

All JMO

It' s worth a try, for the Grimleys , to attempt to position themselves as 'creditors'... but I haven't seen any documentation, and as far as I am aware, neither has the court, of the deals, and conversations, and understandings they claim they had with Melissa. None at all. Not saying they won't turn up at some time, but so far, no paperwork claiming all this hoo haa about money for safekeeping, the deposit for Edgecliff, the this and the that......

It's not uncommon for parents to give their children money, and the court may indeed take that view, that the Grimleys , in an abundance of parental affection, merely gave Melissa money in the hopes that she would finangle it into a flourishing forest of unaccountable cash somewhere down the line..

Or.. perhaps they didn't give Melissa any money at all, and that's just a furphy, trotted out in desperation.

I truly fail to see how the Grimleys were kept unaware of the actual title holder of where they were living. ..There is something so very odd there, even for Dover Heights, it's odd.

 

[SLouTh]

Some new figures released in a new article:

Ms Caddick's income also included $71,393 in child support, $35,195.50 from luxury good reseller Hock Your Frocks and regular dividends from a $4.8 million share portfolio in her name.

ASIC seized a significant jewellery collection, which had a cost value of $2.5 million.

Melissa Caddick allegedly duped client and told her she was wealthy within her own right | Daily Mail Online

 

[SLouTh]

‘No bloody way’: Melissa Caddick rebuffed over request to use licence (smh.com.au)
Another new article

 

[SLouTh]

It' s worth a try, for the Grimleys , to attempt to position themselves as 'creditors'... but I haven't seen any documentation, and as far as I am aware, neither has the court, of the deals, and conversations, and understandings they claim they had with Melissa. None at all. Not saying they won't turn up at some time, but so far, no paperwork claiming all this hoo haa about money for safekeeping, the deposit for Edgecliff, the this and the that......

It's not uncommon for parents to give their children money, and the court may indeed take that view, that the Grimleys , in an abundance of parental affection, merely gave Melissa money in the hopes that she would finangle it into a flourishing forest of unaccountable cash somewhere down the line..

Or.. perhaps they didn't give Melissa any money at all, and that's just a furphy, trotted out in desperation.

I truly fail to see how the Grimleys were kept unaware of the actual title holder of where they were living. ..There is something so very odd there, even for Dover Heights, it's odd.

See Pages 30,31, and 32
Redacted-affidavit-of-Bruce-Gleeson-sworn-25-June-2021.pdf (fedcourt.gov.au)

MC treats her parents as a financial transaction..... its disgusting..

An excerpt from a letter from MC to her Parents...

all quarterly strata fees can be claimed by Mrs Melissa Caddick as the title will be 100% in the name of Mrs Melissa Caddick. I have provided $50k for all work to be done including appliances, again I can claim all of this as the title will be 100% in the name of Mrs Melissa Caddick. I will be claiming interest costs on the loan. As I won't be receiving income on the purchase (i.e.: no chargi_ng rent to you and mum for tenancy as part owners}, I need to claim all deductions.

SNIP

When successfully purchased and I see John next week, we will then instruct Jennifer (our solicitor) to prepare an agreement stating that (along the lines of) Title Holder 100% Mrs Melissa Caddick. Capital of $1m provided by- I. e thavhe right of tenancy on property up until death/or you choose to re.locate due to health etc. % will be put in on ownership, then reflected in your wills (it will be an amendment) so that when you both are deceased Adam and I will become joint owners. then it ls up to Adam and I to sort out what we do - but the thought is we will just keep it. There will also be an amendment/attachement to my will reflecting same as outlined abo'Ve re: tenancy and ownership. Again upon death due to the title being in the name of Mrs Melissa Caddick there will be no taxes due. So after discussion with John it makes sense for me to pay the strata fees and all the improvements at the beginning at no out of pocket to you and mum.

There is also more info in the same affidavit ...

 

[drsleuth]

Wow at the hourly rate of Soire & Gleeson $595/hour

https://www.fedcourt.gov.au/service...-of-Daniel-Robert-Soire-sworn-1-July-2021.pdf

 

[SLouTh]

It' s worth a try, for the Grimleys , to attempt to position themselves as 'creditors'... but I haven't seen any documentation, and as far as I am aware, neither has the court, of the deals, and conversations, and understandings they claim they had with Melissa. None at all. Not saying they won't turn up at some time, but so far, no paperwork claiming all this hoo haa about money for safekeeping, the deposit for Edgecliff, the this and the that......

Redacted-affidavit-of-Bruce-Gleeson-sworn-25-June-2021.pdf (fedcourt.gov.au)
See pages 12-22, and,
See pages 26, 27, and 28
And the "supporting" documents ... also in this affidavit

The parents do seem to have some documentation for their claims...

 

[drsleuth]

It' s worth a try, for the Grimleys , to attempt to position themselves as 'creditors'... but I haven't seen any documentation, and as far as I am aware, neither has the court, of the deals, and conversations, and understandings they claim they had with Melissa. None at all. Not saying they won't turn up at some time, but so far, no paperwork claiming all this hoo haa about money for safekeeping, the deposit for Edgecliff, the this and the that......

It's not uncommon for parents to give their children money, and the court may indeed take that view, that the Grimleys , in an abundance of parental affection, merely gave Melissa money in the hopes that she would finangle it into a flourishing forest of unaccountable cash somewhere down the line..

Or.. perhaps they didn't give Melissa any money at all, and that's just a furphy, trotted out in desperation.

I truly fail to see how the Grimleys were kept unaware of the actual title holder of where they were living. ..There is something so very odd there, even for Dover Heights, it's odd.

Have a read of these pages Troops 11 onwards ...........

https://www.fedcourt.gov.au/service...davit-of-Bruce-Gleeson-sworn-25-June-2021.pdf

 

[SLouTh]

Wow at the hourly rate of Soire & Gleeson $595/hour

https://www.fedcourt.gov.au/service...-of-Daniel-Robert-Soire-sworn-1-July-2021.pdf

Yes, and the charges are up to $187K and they haven't been appointed to liquidate yet....
They do have juniors do the 'leg work" on the case so the hourly rate is reduced...
But its still a lot of money .....

 

[drsleuth]

Yes, and the charges are up to $187K and they haven't been appointed to liquidate yet....
They do have juniors do the 'leg work" on the case so the hourly rate is reduced...
But its still a lot of money .....

Yep, the lowest rate is $95/hr a junior typist

https://www.fedcourt.gov.au/service...on-sworn-25-June-2021-lodged-by-Receivers.pdf

 

[Trooper]

Redacted-affidavit-of-Bruce-Gleeson-sworn-25-June-2021.pdf (fedcourt.gov.au)

Have a read of these pages Troops 11 onwards ...........

https://www.fedcourt.gov.au/service...davit-of-Bruce-Gleeson-sworn-25-June-2021.pdf

See pages 12-22, and,
See pages 26, 27, and 28
And the "supporting" documents ... also in this affidavit

The parents do seem to have some documentation for their claims...

It's like unravelling a very convoluted, yet error-prone rubik cube of slippery slope fiscal frippery...

I am inclined to take on board this stuff from Gleeson, et al..

'1 . My view regarding the Parents' claim against the Edgecliff Property has not changed since I swore the Earlier Affidavit. I would need to obtain further information and legal advice regarding the claim, and the additional amounts referred to in the Baker McKenzie Letter. It is likely that the Parents would need to establish their constructive trust claim. in respect of the payments of $1,000,000, $32,450.40 and $90,000 to the satisfaction of the Court.

I noticed that the Grimleys, should they be unsuccessful in the claim for Edgecliff, they then want to be included in the 'Investor's Claims'...


On the strength of Melissa , on the one hand, pooling their 'safekeeping money' into her own account, which could mean she 'invested ' it for them, or, as the record shows, she instantly paid the schoolfees for O , out of that same account once that money from Mum and Dad was deposited.

 

[Trooper]

In the light of quite a few financial scammers managing to extract millions, millions of dollars, far more than Melissa managed to do, and God knows she worked hard at it.. as I say, quite a few come to light this year alone, yet only Melissa, who is coming dead last in the Money Theft Scamming Stakes, seem to feel that life was not worth living, and ending it in a hideous way...

A complete mystery to me. Even the woman who got caught , she fiddled 3 times as much as Melissa, she did her piddling 4 years, and is back in the fray, tripping off to work in her Gucci's...

I can't find any where that Melissa displayed any sort of psychotic imbalance.. scamming isn't a psychotic imbalance , in this context...