As fraudster Melissa Caddick’s home goes on sale, see what is on offer for potential buyers.
To deter stickybeaks and true crime buffs, a $10,000 refundable deposit will be required to inspect the swish Dover Heights home of missing fraudster Melissa Caddick which hits the market on Monday.
Over eight years, Caddick stole more than $23 million, mainly from friends and family who thought she was investing their money in shares. Caddick’s office, which was the boiler room for her Ponzi scheme, is now a bedroom as is her husband’s recording studio, which was across the hallway. Still present, in a store room off her office, is the large safe from which police could be seen removing her jewels and thousands of dollars in foreign currency. Upstairs, in the infamous but now empty walk-in wardrobe, is Caddick’s second safe.
Koletti’s reluctance to vacate and ongoing legal action means Caddick’s creditors have possibly missed the peak of the real estate market. To date, liquidators have spent $271,450 on legal fees, including $115,000 dealing with the legal claims mounted by Koletti and his parents-in-law, Barb and Ted Grimley.The battle with the Grimleys is continuing. The couple, both in their 80s, claim they had an agreement to own 30 per cent of the $2.55 million Edgecliff penthouse Caddick purchased in 2016.
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