{"id":43144,"date":"2023-06-13T13:31:26","date_gmt":"2023-06-13T01:31:26","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=43144"},"modified":"2023-06-13T13:31:26","modified_gmt":"2023-06-13T01:31:26","slug":"new-twist-in-fraudsters-home-sell-off","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/new-twist-in-fraudsters-home-sell-off\/","title":{"rendered":"New twist in fraudster\u2019s home sell off"},"content":{"rendered":"

PHOTO: Melissa Caddick. FILE<\/strong><\/p>\n

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The recovery of funds for the 55 investors caught up in the $23m fraud by Melissa Caddick is set to now take a new course.<\/p>\n<\/div>\n

Investors have secured\u00a0$9.8m from her Dover Heights house<\/a>, $884,000 from jewellery and artworks, and $361,000 from the cars.<\/p>\n

This week came news that the Australian Taxation Office is set to return $1m in taxes that Caddick had paid to create the appearance she was operating legitimately.<\/p>\n

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\"Melissa<\/div>\n

Melissa Caddick with her husband Anthony Koletti.<\/strong><\/em><\/div>\n

The\u00a0Edgecliff apartment of her parents, Barbara and Ted Grimley, is set to be listed after investors decided her parents would receive $950,000 if they surrendered their claim to the unit, which was bought in 2017 for $2.25m in their daughter\u2019s name, with some money stolen from them.<\/p>\n

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According to PropTrack, the median unit price in\u00a0Edgecliff is $1.37m, down 8.7 per cent over the past 12 months.<\/p>\n

Now it\u2019s on to the clawbacks.<\/p>\n

\"Movers\"<\/a><\/div>\n
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Who are the \u2018MOVERS AND SHAKERS\u2019 of the NZ real estate industry? BUY NOW $19.99<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cOur focus to date has been on realising material assets in both the receivership and liquidation of the Melissa Caddick matter,\u201d Bruce Gleeson, from Jones Partners, said.<\/p>\n

\u201cWe have not finalised our position on commencing potential recovery actions against investors who were repaid their initial investment and the profit from the fictitious share portfolio during the time that Caddick operated the Ponzi scheme.\u201d<\/p>\n

We referred to the controversial Bernie Maddoff Ponzi fraud clawbacks, but Gleeson advised it was \u201cnot directly relevant\u201d.<\/p>\n

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\"Dominique<\/div>\n

Dominique Ogilvie discovered by chance that Caddick was using someone else\u2019s financial services licence. Picture: John Feder<\/strong><\/em><\/div>\n

Gleeson declined to comment on the former fashion and estate agent Dominique Ogilvie, who invested after meeting Caddick in Aspen in early 2020.<\/p>\n

In August that year, Ogilvie had a chance discussion in a dental clinic, discovering Caddick was using someone else\u2019s financial services licence.<\/p>\n

Ogilvie withdrew her $2.5m, along with Caddick\u2019s concocted $380,000 profit, after forcibly saying she wanted to buy a property.<\/p>\n

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\"Melissa<\/div>\n

Melissa Caddick\u2019s Dover Heights mansion sold for around $10m in late 2022. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The home boasts cracking views.. Picture: NewsWire \/ Monique Harmer<\/strong><\/em><\/div>\n

Caddick disappeared in November 2020, two months after Ogilvie met the Australian Securities and Investments Commission.<\/p>\n

Ogilvie bought her Paddington terrace in October that year for $3.7m.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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