Melissa Caddick’s jewelry, clothes, handbags and art will be under the hammer after a court ordered the sale of several ‘undisputed’ assets of the missing fraudster.
Caddick, 49, a self-described financial adviser, disappeared in November 2020 after ASIC raided her home in Sydney’s east end and is presumed dead after her foot washed up on a beach in NSW.
ASIC had investigated his company, Maliver Pty Ltd, over allegations that it provided unlicensed financial services and that its sole director and shareholder had misappropriated funds.
She used the money for vacations, goods and to buy art, luxury brands like Louis Vuitton and Christian Dior and unique pieces from Sydney-based jeweler Stefano Canturi.
Legal proceedings initiated by the corporate watchdog in November 2020 are still ongoing in a bid to return money to duped investors.
Melissa Caddick’s (pictured with Anthony Koletti) collection of designer clothes, handbags and artwork is due to go under the hammer, including a $100,000 diamond necklace
On Monday, as part of the long-running civil suit, attorney Nicola Bailey, acting for the receivers of Caddick’s estate, asked the Federal Court for orders authorizing the disposal of assets to which no objection was made. had been received from “pocket investors”.
The ‘undisputed’ goods up for auction or return to owners included Canturi jewellery, designer items and household items, Ms Bailey said.
Among the specific items listed to be sold by court-appointed receivers are a diamond necklace worth $100,000, a Cartier Panther wristwatch, a pair of Gucci silver heart earrings and a necklace Canturi Cubism Collection – with aquamarine, sapphire and 165 diamonds.
On the jewellery, Ms Bailey said Canturi Corporation had “no difficulty” delivering the pieces it held.
She said non-commercial items such as stationery and cleaning supplies could be donated to charity, while a pearl necklace would be “relinquished” to its owner.
All proceeds would be held in an escrow trust account, the attorney said, noting that a “contested asset claim” would be made at a later date.
The court heard that Caddick’s husband, Anthony Koletti, objected to the sale of certain assets, but they did not include those being considered on Monday.
Melissa Caddick’s extensive jewelery collection (pictured with Anthony Koletti) includes several diamond and sapphire necklaces by Sydney jeweler Stefano Canturi
In April, Koletti claimed, according to court documents, that he was entitled to a million-dollar share of Caddick’s property, jewelry, artwork and cars.
The Sydney hairdresser later dropped the claim, according to the Sydney Morning Herald.
“I am confident that I can make the orders requested … based on the evidence that was read this morning,” Judge Brigitte Marcovic said.
“I am satisfied that all necessary parties have been advised of the proposed sale of various assets which form the property in receivership.”
The judge said any assets objected to were not within the scope of the order and therefore would not be sold, with the resolution of those assets being “for another day”.
Mr. Koletti’s blue Audi R8 V10 convertible with personalized license plate was auctioned for $295,000. She bought it for him in 2016
Caddick swindled more than $30 million in funds over eight years, leaving investors up to $23.7 million, the federal court has already been told.
On Friday, receivers announced they had accepted an offer on Caddick’s Dover Heights home.
They won’t disclose the sale price until settlement in 12 weeks, but it was hoped to raise at least $10 million.
In February, his luxury cars sold at auction for over $360,000.
His Dover Heights mansion (pictured) is up for sale but the price has yet to be revealed