Jewellery, art and designer clothing owned by alleged Sydney fraudster Melissa Caddick will go under the hammer today, as efforts continue to recoup cash for investors.
Key points:
- Ms Caddick allegedly stole $23 million through a Ponzi scheme
- She went missing in November 2020
- Receivors are attempting to repay her creditors
If they fetch their top valued price, the items will total more than $700,000.
This will help pay back just a fraction of the $23 million Ms Caddick allegedly stole from investors through her Ponzi scheme.
The 49-year-old vanished in November 2020, hours after her Dover Heights home was raided by the Australian Securities and Investments Commission (ASIC).
Ms Caddick’s extensive collection of fine jewellery makes up the most significant share of the items for sale, with a maximum total value of more than $615,000.
Some of her necklaces, encrusted with oversized gems, are worth hundreds of thousands of dollars.
Photos from Ms Caddick’s life show her wearing the luxury jewellery and clothes on multiple occasions.
Earlier this month, Ms Caddick’s husband Anthony Koletti claimed he was entitled to some of the jewellery owned by the couple.
Mr Koletti told the Federal Court he should be allowed to keep his wedding band — an 18-carat white gold cubism ring encrusted with black sapphires.
His request appears to…
