A public auction of the Dover Heights home of missing con artist Melissa Caddick risks “turning into a circus” because of the amount of publicity the matter has attracted, the Federal Court has heard.
Steven Golledge, SC, who is representing the receivers of Caddick’s assets, told Justice Brigitte Markovic on Monday that a fresh argument has arisen between Caddick’s parents, Barb and Ted Grimley, and receiver Bruce Gleeson about the marketing and sale of the Wallangra Road property that Caddick bought for $6.2 million in 2014.
Melissa Caddick disappeared on November 12, 2020.
Caddick acquired the house, along with an apartment her parents are claiming a stake in, using funds she stole from her investors. From 2012 until her disappearance in 2020, Caddick was running a Ponzi scheme in which she misappropriated more than $23 million in funds from investors, who were mainly family and friends.
Only last week the court gave the go-ahead for the receivers to take possession of the Dover Heights, home with Caddick’s husband Anthony Koletti agreeing to vacate by 18 May.
Robert Newlinds, SC, who is representing the Grimleys, complained that his clients were “disappointed and perplexed” to find the receivers had not provided any details as to how their daughter’s property was going to be marketed, on what terms real estate agents would be engaged and how many valuations would be obtained.
The Wallangra Road home fraudster Melissa Caddick bought for $6.2 million in 2014…
