Experts have advised that the jewellery collection belonging to accused Sydney fraudster Melissa Caddick should be auctioned prior to Christmas by receivers attempting to recoup millions for out-of-pocket investors, a court has heard.
Key points:
- Receivers are attempting to get more than $23 million owed to Ms Caddick’s former clients
- They seek to sell many of her expensive luxury items
- The case will return to court in mid-November
Ms Caddick disappeared from her home in Sydney’s eastern suburbs after a November 2020 raid by the corporate watchdog and Australian Federal Police.
The Australian Securities and Investments Commission (ASIC) was investigating the 49-year-old’s alleged Ponzi scheme, and court-appointed receivers are now attempting to claw back more than $23 million owed to her former clients.
In documents before the Federal Court the receivers, Jones Partners, describe items of jewellery they seek to sell, including Dior and Cartier watches, diamond and sapphire rings and earrings, and Canturi bracelets and necklaces.
“Interested parties” including Ms Caddick’s husband, Anthony Koletti, and her brother, Adam Grimley, have been given a chance to raise objections.
Barrister Nicola Bailey, representing the receivers, said there was no contest over the sale of a “large proportion” of the assets, mostly…
