https://www.dailytelegraph.com.au/news/nsw/melissa-caddick-missing-millionaires-...Devastated investors who look to have lost millions to missing businesswoman Melissa Caddick don’t want her son’s $66,000 a year private school fees to come out of what may be left, the Federal Court was told on Tuesday.
The clients, who include surgeons, are “strongly” against increasing the weekly living allowance for her ex-hairdresser husband Anthony Koletti and her 15-year-old son from $800 a week, counsel for the corporate watchdog ASIC said.
“ASIC is getting correspondence from investors who are deeply aggrieved,” Stephanie Fendekian told the court.
The ASIC investigation began on September 8 this year and she said one “distressed” group alone had invested $13.1 million with the majority of those investors having “not received funds back to date”.
They opposed funding the “lifestyle” of her family, including the husband who doesn’t work, the court was told.
Ms Caddick, 49, was the sole breadwinner and her assets have been frozen, leaving Mr Koletti unable to access them as he claims he needs the $66,000 upfront cost of private school fees, $2000 a month for income protection and $600 a month to cover transport costs.
His application for more expenses will be decided tomorrow morning in court. Neither Mr Koletti nor his son is accused of any wrongdoing.
MELISSA CADDICK’S INCREDIBLE SPLURGING
Ms Caddick's incredible splurging on luxury goods and holidays has been revealed in the ASIC documents.
Between December 18, 2017 and August 16, 2020, records show she spent:
Dior: $229,277
Chanel: $48,588
Cosmopolitan Shoes: $52,548
Louis Vuitton: $17,777
Valentino: $14,180
Canturi Jewellers: $187,650
Net-A-Porter: $39,575
Oscar De La Renta: $14,180
Personal expenses: $291,744
Justice Brigitte Markovic said that with Ms Caddick missing and the fact she was the only director of her company Maliver, the situation was “drastic” enough to warrant the appointment of a receiver to her affairs and a provisional liquidator to Maliver.
The court has heard evidence that from the tips of her Chanel-shod feet to the Dior frocks and winters in affluent Aspen, Melissa Caddick was the epitome of eastern suburbs excess.
In New York, she whipped out her Amex card at luxury department store Bergdorf Goodman to spend $17,617. In Sydney she was a regular at Dior where she splashed out on almost $250,000 worth of goodies within three years.
Then there were the trips: London, Hong Kong and Singapore.
In two trips to Fiji alone in 2018 and 2019 she managed to spend $63,022.
But ASIC alleges it wasn’t all her own cash that she was splashing around. Most of it belonged to investors who never checked that she had no Australian financial services licence when they handed the personable mother their millions to invest. They were told others had doubled their portfolios in a year.
Now they are concerned and distressed, the court was told.
In total 61 investors have been spoken to by ASIC and their identities have been suppressed. Some of them are surgeons, one had appointed her trustee of his $5 million self-managed super fund. One law firm, Bridges Lawyers, represents clients who invested $5.3 million with her. At least $13.1 million has gone missing, the court heard.
MELISSA CADDICK'S TRAVEL EXPENSES
The documents also reveal her love of high-end travel with the following expenses in that same period:
Aspen $35,151
Fiji: $63,002
Flight Centre: $108,586
Hong Kong: $18,877
Jetabroad: $5,783
Melbourne: $2,651
New York: $37,283
North of Nell: $34,223
Perth: $183.37
Qantas: $55,609
Tokyo: $2,141
Whistler: $43,273
no way didnt the husband no something
wasnt quite right about all that...
.....seriously she wouldnt have had time to sleep