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

[Detective Willy]

'had a limp'...nice touch....

She probably had an expensive handbag and shoes, not the cheap copies you get in Bali.

That would be way below Melissa…

 

[dalsglen]

Love the way the DM refer to MC as 'the footless fraudster'!

Well, if the shoe fits.

I'm not gonna lie, it made me chuckle.

 

[TootsieFootsie]

So foot loose and fancy free...

 

[sleepinoz]

Man claims he spotted Melissa Caddick at a wedding: 'It was her'

Missing conwoman Melissa Caddick could be hiding in Canada, according to fanciful claim on the footless fraudster's whereabouts.

www.dailymail.co.uk

 

[61Montcalm]

Man claims he spotted Melissa Caddick at a wedding: 'It was her'

Missing conwoman Melissa Caddick could be hiding in Canada, according to fanciful claim on the footless fraudster's whereabouts.

www.dailymail.co.uk

Although Gatimeau is just across the river from Ottawa and has many citizens who speak English fluently, I'd be amazed if she was able to hide there effectively. The Australian accent is very very different than that of Anglo Canadians, and even further away from that of French Canadians who speak English.

 

[JBowie]

Man claims he spotted Melissa Caddick at a wedding: 'It was her'

Missing conwoman Melissa Caddick could be hiding in Canada, according to fanciful claim on the footless fraudster's whereabouts.

www.dailymail.co.uk

'Waiting for my cousin to send me candid wedding photos to cross reference but he hasn't gotten back to me yet.'

And what's the betting said photos -- if indeed they exist -- just didn't happen to capture the 'destitute woman [who] appeared that no one seemed to know'.

 

[Deleted member 83851]

I presume we all have our doppelgängers. My mother once swore she saw me walking down the road as she was driving past. It was not me; I was far away.

“Footless fraudster.” Yikes. Imagine having that as your nom de plume.

 

[whitelilac]

Interesting.
I believe that the only circumstances where she could still be alive, would entail having planned a solid escape and disappearance way in advance. That would include funds, sizable non traceable funds that she also would have arranged in advance. This witness claims she was destitute.
And Gatineau? I know the area, I worked in Ottawa for a while years back. Winters are brutal, and it's not so easy to set up a new identity in Canada.
IF she did flee to another country, I'd expect more of a place like Thailand, or Bali, maybe one of the Caribbean countries. I dunno.
Who knows though???

 

[IminSyd]

I don’t know she would have managed the foot bone plant though. I’m pretty convinced that MC died by suicide, although there was a time I thought she may have met foul play. But to me really not a chance she is still alive.

 

[scapa]

Interesting.
I believe that the only circumstances where she could still be alive, would entail having planned a solid escape and disappearance way in advance. That would include funds, sizable non traceable funds that she also would have arranged in advance. This witness claims she was destitute.
And Gatineau? I know the area, I worked in Ottawa for a while years back. Winters are brutal, and it's not so easy to set up a new identity in Canada.
IF she did flee to another country, I'd expect more of a place like Thailand, or Bali, maybe one of the Caribbean countries. I dunno.
Who knows though???

Yep.

Very difficult to set up a new identity in Canada and seems like an odd place to hide out given how much depends on key attributes of that ID -- banking, health care, etc.

MC was always a con artist, and IMO died a con artist. She went to great lengths and took enormous risks to become the wealthy, showy and seemingly successful person she was, however uncomfortably she wore it. Whatever else she was that yearning seems to have been integral to her and I don't think she can live without it, anywhere.

Were she alive, I'd expect her to be conning again, and be caught again.

But like most, I think she decided to die and leave questions rather than be revealed as the cruel conwoman she really was, as the preferred alternative over trying to go straight, from prison, from scratch.

 

[Deleted member 83851]

Being the kind of self-centred person she was, I am really puzzled as to why she didn’t leave a note exonerating herself. She might have mentioned jumping off a cliff if things got too bad—still not sure she ever did have that conversation with someone, or how serious it was—-but to really do it and in the dark takes an utterly ruthless frame of mind.

I sure am cautious about financial advisors now, for real.

 

[TootsieFootsie]

Melissa Caddick's victims awarded payout​

Victims of fraudster Melissa Caddick have been awarded a multimillion-dollar payout in their class action lawsuit.

9News - Latest news and headlines from Australia and the world

Latest news and headlines from Australia and the world

www.9news.com.au

 

[SouthAussie]

$3.5M (plus sale of properties, etc) among 32 investors. This article says each person will get about 50% of their investment back.


He said the victims would get back about “50 per cent” of what they lost, when combined with returns in funds brought on by receivers tasked with dealing with Caddick’s assets.

“The receivers who were appointed to the property of Melissa Caddick have done a great job in terms of clawing back the property that she purchased with my clients’ money, and their returns would be approximately 39 cents in the dollar,” he said.

“Our class action adds about 11 cents in the dollar on top of that.”

‘Very happy’: Victims of Melissa Caddick settle for $3.5m in class action settlement

 

[Trooper]

Melissa Caddick's victims awarded payout​

Victims of fraudster Melissa Caddick have been awarded a multimillion-dollar payout in their class action lawsuit.

9News - Latest news and headlines from Australia and the world

Latest news and headlines from Australia and the world

www.9news.com.au

That works out at about $125,000.00 each.. not that much, considering most of them 'invested' millions.. still. it's a bit more than what it originally looked like it was going to be., 24 people in this payout, yet there seemed to be quite a few more than that. I thought..

39 cents in the dollar.. well. I thought they'd be lucky to get 3 cents to the dollar.. they were , after all is said and done, gambling. Straight out gambling, and gamblers have to take the losses on the chin.. So they are quite lucky, in that respect..

 

[SouthAussie]

That works out at about $125,000.00 each.. not that much, considering most of them 'invested' millions.. still. it's a bit more than what it originally looked like it was going to be., 24 people in this payout, yet there seemed to be quite a few more than that. I thought..

There were about 50 investors. Probably immediate family members might not be eligible. Though I don't know who the others who didn't take part in the class action might have been.

The article I linked said 32 in the class action lawsuit. About 50% return with sale of assets also. They each get .39c in the dollar from sale of assets, plus .11c in the dollar from the class action (according to Michael Chapman, the class action lawyer).

 

[HollyHunter9]

Does anyone know what happened with the parents property? As technically she conned them out of money too but IIRC the house was in melissa name but parents were living there so was it included as one of her assets to be sold to pay back the victims? I always wondered how that would be managed as the parents were also victims.

 

[Marg944]

Does anyone know what happened with the parents property? As technically she conned them out of money too but IIRC the house was in melissa name but parents were living there so was it included as one of her assets to be sold to pay back the victims? I always wondered how that would be managed as the parents were also victims.

Property formerly home to Caddick's parents​

“The apartment was previously occupied by Caddick's parents, Ted and Barbara Grimley.

She bought the apartment, which boasts sweeping panoramic views of Sydney's city skyline and eastern suburbs, for the Grimleys in 2016, paying $2.55 million.

The couple later said they paid their now-dead daughter almost $1.2 million toward the mortgage on the apartment on the condition they could live there rent free until they died.

But in the end, the Grimleys agreed to leave after a long-running court battle in exchange for a $950,000 payout from Caddick's estate.”

Fraudster Melissa Caddick's luxury Sydney penthouse sold

A penthouse apartment formerly owned by late Sydney conwoman Melissa Caddick has been sold, with the proceeds to be used to pay back some of the money stolen from dozens of investors.

www.abc.net.au

 

[Via Marple]

Property formerly home to Caddick's parents​

“The apartment was previously occupied by Caddick's parents, Ted and Barbara Grimley.

She bought the apartment, which boasts sweeping panoramic views of Sydney's city skyline and eastern suburbs, for the Grimleys in 2016, paying $2.55 million.

The couple later said they paid their now-dead daughter almost $1.2 million toward the mortgage on the apartment on the condition they could live there rent free until they died.

But in the end, the Grimleys agreed to leave after a long-running court battle in exchange for a $950,000 payout from Caddick's estate.”

Fraudster Melissa Caddick's luxury Sydney penthouse sold

A penthouse apartment formerly owned by late Sydney conwoman Melissa Caddick has been sold, with the proceeds to be used to pay back some of the money stolen from dozens of investors.

www.abc.net.au

Thanks Marg..

That works out to be around 79 cents in the dollar. Good deal for them, especially remembering they had pro bono lawyers acting for them.

Moo

 

[HollyHunter9]

Property formerly home to Caddick's parents​

“The apartment was previously occupied by Caddick's parents, Ted and Barbara Grimley.

She bought the apartment, which boasts sweeping panoramic views of Sydney's city skyline and eastern suburbs, for the Grimleys in 2016, paying $2.55 million.

The couple later said they paid their now-dead daughter almost $1.2 million toward the mortgage on the apartment on the condition they could live there rent free until they died.

But in the end, the Grimleys agreed to leave after a long-running court battle in exchange for a $950,000 payout from Caddick's estate.”

Fraudster Melissa Caddick's luxury Sydney penthouse sold

A penthouse apartment formerly owned by late Sydney conwoman Melissa Caddick has been sold, with the proceeds to be used to pay back some of the money stolen from dozens of investors.

www.abc.net.au

Thankyou. I'm surprised they got quite a large payout in comparison to the other victims.

 

[TootsieFootsie]

Her parents were not on trial and were also victims. It sounds like they are not deemed responsible for what their daughter did.

I'm happy they got something back of what they put into the house, not sure how far that would get them trying to buy somewhere in Sydney these days.

I'm not happy that the other victims got such a tiny amount back.
Many of them might not recover financially to where they were. Most likely the parents suffered financially too, even with this payout.

Many of the victims most likely will never overcome the financial loss to get back to where they were before they trusted a conwoman.