Found Deceased Australia - Melissa Caddick Missing After Australian SIC Raid - Sydney (NSW) - Nov 2020 #9

[JBowie]

Caddick’s jewellery collection, designer clothes to be sold by receivers'​

In earlier court documents Koletti hand-wrote “gifted from Stefano Canturi for Anthony Koletti” on a list of jewellery purchased by his wife. This included a gold skull pendant with sapphires and diamond teeth which his wife bought in 2016 for $4500. Koletti claimed Canturi gifted it to him.

Michael Hayter, the solicitor acting for the receivers, asked for confirmation that the items, most of them his wife’s, had been gifted to him by Canturi.

Caddick’s jewellery collection, designer clothes to be sold by receivers

Court documents also reveal Melissa Caddick’s husband Anthony Koletti has highlighted 18 pieces of jewellery he objects to being sold.

www.smh.com.au

 

[Via Marple]

Caddick’s jewellery collection, designer clothes to be sold by receivers'​

In earlier court documents Koletti hand-wrote “gifted from Stefano Canturi for Anthony Koletti” on a list of jewellery purchased by his wife. This included a gold skull pendant with sapphires and diamond teeth which his wife bought in 2016 for $4500. Koletti claimed Canturi gifted it to him.

Michael Hayter, the solicitor acting for the receivers, asked for confirmation that the items, most of them his wife’s, had been gifted to him by Canturi.

Caddick’s jewellery collection, designer clothes to be sold by receivers

Court documents also reveal Melissa Caddick’s husband Anthony Koletti has highlighted 18 pieces of jewellery he objects to being sold.

www.smh.com.au

Didn't they look like thieves with glee showing off their goodies?

The entire list of Melissa's haul can be found on the usual webpage, latest entry:
ASIC v Caddick - Online file

 

[sunnybree]

Caddick’s jewellery collection, designer clothes to be sold by receivers'​

In earlier court documents Koletti hand-wrote “gifted from Stefano Canturi for Anthony Koletti” on a list of jewellery purchased by his wife. This included a gold skull pendant with sapphires and diamond teeth which his wife bought in 2016 for $4500. Koletti claimed Canturi gifted it to him.

Michael Hayter, the solicitor acting for the receivers, asked for confirmation that the items, most of them his wife’s, had been gifted to him by Canturi.

Caddick’s jewellery collection, designer clothes to be sold by receivers

Court documents also reveal Melissa Caddick’s husband Anthony Koletti has highlighted 18 pieces of jewellery he objects to being sold.

www.smh.com.au

Yes, I’m sure Canturi regularly “gift” people with expensive jewellery.

 

[SLouTh]

https://www.news.com.au/national/courts-law/sale-of-melissa-caddicks-assets-contested-by-loved-ones/news-story/2e7e021ef68e87598c12ba38a390ba03

Taking the fight for some of MC’s Valuable’s to the high court…..

 

[JLZ]

https://www.news.com.au/national/courts-law/sale-of-melissa-caddicks-assets-contested-by-loved-ones/news-story/2e7e021ef68e87598c12ba38a390ba03

Taking the fight for some of MC’s Valuable’s to the high court…..

I doubt it. It's still ongoing in the Federal Court--the judge has set a deadline for written objections to the receivers' application. I think there's a mistake by whoever wrote the headings and the picture caption.

 

[Redrunner]

And the circus continues .....

 

[SouthAussie]

The parents want their apartment.
The brother wants the superannuation.
The husband wants 18 pieces of expensive jewellery.
The banks want their mortgages paid ($4,000,000 and $2,000,000 or so?)
The receivers have billed almost $500,000 in fees for their work.
The investors want their $23,500,000.

What a schmozzle.

 

[bearbear]

mc was obviously clever at what she was doing, its interesting she promptly returned peoples funds, with high interest returns, when they asked her, maybe if she hadnt been caught nobody would have lost any money and her investing plan in time, would have come to fruition in due course?

 

[TootsieFootsie]

I just had a vision, in my minds eye, of vultures picking a carcase clean

 

[JLZ]

mc was obviously clever at what she was doing, its interesting she promptly returned peoples funds, with high interest returns, when they asked her, maybe if she hadnt been caught nobody would have lost any money and her investing plan in time, would have come to fruition in due course?

No. The best 'maybe' I can do for you is this: if she expanded her client base in the direction of a lot of younger, normally lower nett-worth people (making more work for herself), so that they wouldn't all be wanting to withdraw around the same time, she might have been able to pay out her personal friends before the inevitable crash.

 

[bearbear]

No. The best 'maybe' I can do for you is this: if she expanded her client base in the direction of a lot of younger, normally lower nett-worth people (making more work for herself), so that they wouldn't all be wanting to withdraw around the same time, she might have been able to pay out her personal friends before the inevitable crash.

i do wonder if she had good intentions and she got out of her depth and didnt intend to lose peoples money

 

[they'll get you]

Yes, I’m sure Canturi regularly “gift” people with expensive jewellery.

I’m surprised Chantiri didn’t say the jewellery was on loan for promotional purposes.

 

[JLZ]

i do wonder if she had good intentions and she got out of her depth and didnt intend to lose peoples money

Even if she had 'good' intentions--shortsightedly thought, in the beginning, that it would all end well for everybody--the first 'good' on her list, her first priority, was her own aggrandizement.

 

[OwlHeart]

Even if she had 'good' intentions--shortsightedly thought, in the beginning, that it would all end well for everybody--the first 'good' on her list, her first priority, was her own aggrandizement.

Exactly JLZ. I was about to comment similar, her lavish lifestyle blew out any potential planned "budget" and she surely knew it was not sustainable.
I wouldn't be surprised if she imagined herself swindling until she died of old age, leaving what would have most likely been a bigger mess.

 

[JLZ]

Exactly JLZ. I was about to comment similar, her lavish lifestyle blew out any potential planned "budget" and she surely knew it was not sustainable.
I wouldn't be surprised if she imagined herself swindling until she died of old age, leaving what would have most likely been a bigger mess.

I think she couldn't acknowledge that she wasn't as good as she had expected to be. And when things went badly, she assuaged her self-esteem by spending ever more on her image.

 

[JLZ]

mc was obviously clever at what she was doing, its interesting she promptly returned peoples funds, with high interest returns, when they asked her, maybe if she hadnt been caught nobody would have lost any money and her investing plan in time, would have come to fruition in due course?

If she kept their business long enough, and changed her spending habits, she might have been able to pay out everybody's principal. But that's not not losing money. The clients could have been doubling it every ten years in an index fund, and Melissa said she was achieving way better than that. She couldn't honour that, she couldn't make it. The best fund managers in Australia couldn't consistently make the returns Melissa was claiming. And the gap got bigger--had to get bigger--all the time. Expenditure aside, her lies put her on the wrong side of compounding.

 

[bearbear]

is the asics woman wearing a stab vest? mc looks so stressed and ill, like shes zoned herself out

Astonishing footage emerges of Melissa Caddick with her treasures.

A video filmed by the Australian Federal Police shows Melissa Caddick under intense pressure as investigators focus on her $2million jewellery collection in the raid hours before she disappeared.

www.dailymail.co.uk

 

[scapa]

mc was obviously clever at what she was doing, its interesting she promptly returned peoples funds, with high interest returns, when they asked her, maybe if she hadnt been caught nobody would have lost any money and her investing plan in time, would have come to fruition in due course?

IIRC from reading a little more deeply into this case months ago, the few moves MC made that were actual trades did not go well. I think it's unlikely that she was ever particularly savvy as an investor, was most certainly out of her depth in terms of making the smartest moves and not making the less smart ones, and I think it's very unlikely that she planned to return any more funds than she absolutely had to.

IMO, this began as a scam, was run as a scam, and would have ended as a scam pretty irrespective of the markets or MC's goodwill. Anything she gave back was about controlling a potentially adverse situation to head off exposure, and keeping the cash flowing in to feed her own excess consumption.

MC was a pure grifter totally without feeling for those she stole from. I see no evidence of a "good" investor chasing trades gone bad a la Nick Leeson, or a desire to make good and repair the damage of anything she did -- including friends and family. JMO, of course.

 

[JBowie]

i do wonder if she had good intentions and she got out of her depth and didnt intend to lose peoples money

Just like Ponzi scheme supremo, Bernie Madoff, she invented accounts for all of her victims and made no investments at all. And just like Madoff, she published fictitious statements showing alleged earnings. Also like Madoff, she paid out anyone who wanted to leave -- using other people's money of course -- on the basis that she had to or risk being investigated.

All Ponzi schemes are doomed to fail when the music stops. IMO, it takes a special type of sociopath to operate one in the certain knowledge that it will all end in tears. Some, like Madoff, brave it out through the ensuing court process and prison. Madoff thought his investors were mostly greedy schmucks and deserved what they got. Caddick seemed destined to kill herself, IMO.

 

[Deleted member 83851]

She would never have come good on her clients’ money. Because she wasn’t investing it. Like Bernie Madoff there were no actual trades happening. The money was as good as dead once it reached her hands.

She must have known the music would stop. I agree with JBowie; IMO she had a poison pill inside herself. Maybe she sensed it, that’s why she was frantic to spend spend spend. Fascinating psychology but dangerous for anyone she drew into her life.