Melissa Caddick

Melissa Caddick’s Dover Heights property to be sold as parents vie for Edgecliff apartment

PHOTO: Melissa Caddick was being investigated over a $23 million Ponzi scheme when she disappeared.((Supplied))

The sale of accused fraudster Melissa Caddick‘s Sydney property “should proceed posthaste” a judge has said as a potential court battle brews between her parents and out-of-pocket investors.

Melissa Caddick 

Inside Melissa Caddick’s $15m mansion

Ms Caddick, 49, vanished in November 2020 and her husband, Anthony Koletti, was ordered by the Federal Court to move out of their Dover Heights home in May as liquidators attempt to retrieve some of the $23 million she allegedly stole from investors.

Barrister Steven Golledge SC, who is acting for the court-appointed receivers, yesterday told the court the receivers had set out the most appropriate way to proceed with the sale of the property and no interested party had identified any flaw in the proposal.

Caddick

Inside Melissa Caddick’s $15m home fire sale

But he said the net proceeds needed to be “preserved” pending further application and the judge approved a request to use some to discharge the mortgage on an Edgecliff apartment where Ms Caddick’s parents lived, which was attracting interest.

Justice Brigitte Markovic said she did not wish to stand in the way of the sale which “should proceed posthaste”.

Anthony Koletti

Anthony Koletti claims Melissa Caddick may still be alive as he’s evicted from mansion | WATCH

Barrister Robert Newlinds SC, representing Ms Caddick’s parents Barbara and Ted Grimley, said anyone who had an interest in the Dover Heights property had been invited to bring forward that claim, however nobody had.

A house
Melissa Caddick shared her Dover Heights home with her husband Anthony Koletti.(Supplied)

The Grimleys contributed nearly $1.1 million to pay down the mortgage on the $2.25 million Edgecliff property they co-owned with their daughter and are seeking to retain the property.

Mr Koletti sat in the back of the court during the brief hearing.

Melissa Caddick 

How two of Melissa Caddick’s investors got back ALL of their money

He’s previously told the court the Dover Heights home, which was bought for $6.2 million, was estimated to be worth between $15 and $17 million.

Jones Partners, the receivers and liquidators, have said they anticipate “strong interest” in the home.

Justice Markovic ordered that the receivers would be justified in taking possession of the Dover Heights home and placing the proceeds of sale in a trust account.

Melissa Caddick 

Husband of Sydney fraudster Melissa Caddick makes million-dollar claim

The proceeds will also be used to pay any necessary costs, including council, water and utility rates, along with sale and marketing expenses from real estate agent.

In a statement, Bruce Gleeson, Principal of Jones Partners, said the receivership property also included the Edgecliff property.

Melissa Caddick

Melissa Caddick’s cruellest fraud: How she ruined a couple’s future by convincing them to sell their home

“The parents have asserted an interest in the Edgecliff property,” he said.

“We are continuing negotiations with the Parents via their solicitors regarding resolution of such interest.

“Ultimately if such negotiations cannot be resolved, then an application will be required for the Federal Court to determine the parent’s interest.”

Mr Jones anticipated filing a further, separate application to the court in the coming weeks to “realise the jewellery, clothing, and other remaining items”.

Ms Caddick’s disappearance came soon after the Australian Investment and Securities Commission (ASIC) raided her Dover Heights home.

Three months later, her decomposed foot was found washed up on Bournda Beach near Tathra, about 500 kilometres away.

READ MORE VIA ABC

MOST POPULAR IN NEW ZEALAND

Leave a Reply

Your email address will not be published.