Melissa Caddick’s assets to be sold to repay $23m in stolen funds

Missing Sydney businesswoman Melissa Caddick’s assets could soon be sold to repay more than $23 million she stole from her friends and clients.

Ms Caddick is suspected of stealing millions before she vanished from her Dover Heights home just over a year ago.

In a major win for her victims, some of Ms Caddick’s assets will be sold, but not all of the money she took will be returned.

Before Melissa Caddick disappeared in November 2020, the Sydney business woman ripped off more than 60 investors to the tune of $25 million dollars.
Melissa Caddick disappeared in 2020 after ripping off more than $23 million from clients. (Nine)

The $6 million Dover Heights mansion is among Ms Caddick’s assets to be carved up after the Federal Court officially appointed receivers and liquidators.

Anthony Koletti, Ms Caddick’s husband, now stands to lose his home.

“It’s the next stop – and indeed a critical and beneficial step – for investors who have lost money with Melissa Caddick,” Bruce Gleeson, from Jones Partners Principal, said.

A bunch of flowers at the fence in front of the Dover Heights home of Anthony Koletti, Melissa Caddick and her 15 year old son reside. Part of Melissa Caddicks remains were found at Bournda Beach on the South Coast of NSW. Dover Heights, Sydney, NSW. 26th February, 2021. Photo: Kate Geraghty
Ms Caddick’s Dover Heights home will be sold off to repay her victims. (Kate Geraghty)

The property sale will only be a fraction of what Ms Caddick owed to 72 clients who she stole more than $23 million from over eight years.

Ms Caddick spent the money on designer cars, clothing, jewellery, and overseas trips instead of investing it.

She vanished a day after ASIC raids last November.

Some of her remains later washed up on a South Coast beach.

Ms Caddick’s remains washed up on Mollymook Beach in Shoalhaven (9News)

Police believe Ms Caddick may have taken her own life after vanishing from Dover Heights.

The coroner’s report is yet to be handed down.

The next step in the selling of Ms Caddick’s assets may be complicated as her parents partly own her Edgecliff property, where they could claim ownership.

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This means it may not be sold off.

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