Disappearance of Melissa Caddick: Investigation announced into Sydney scammer who defrauded investors

A long-awaited coroner’s inquest into the mysterious disappearance and presumed death of missing woman Melissa Caddick will take place in a few months.

The fraudster who defrauded millions of investors has not been seen since leaving his Dover Heights mansion in Sydney’s eastern suburbs for a morning run in November 2020, hours after his home was raided by the Australian Federal Police and corporate watchdog ASIC.

The only trace of Caddick was his decomposed foot found inside a sports shoe that washed up on Bournda Beach on the south coast of New South Wales about a year ago.

A two-week inquest into Caddick’s disappearance is scheduled for September 12-26 at NSW Coroners Court in Lidcombe, a department spokesperson confirmed on Monday.

“Please note that these dates may still be subject to change,” he told Daily Mail Australia.

Two-week inquest into Melissa Caddick’s disappearance set for September

Caddick’s husband, Anthony Koletti, and parents, Ted and Barbara Grimley, are among those expected to be called to testify.

Daily Mail Australia does not suggest that Mr Koletti or Caddick’s parents had any knowledge of Caddick’s crimes.

The latest development in the puzzling case comes after a new podcast launched this week claimed that Caddick borrowed money from a lender and invested in cryptocurrency to try to repay his investors before he disappeared.

“Liar Liar: Melissa Caddick and the Missing Millions,” by journalist Kate McClymont, revealed the scammer approached a lender of last resort after stealing $23 million of his investors’ money.

She tried to make a fortune again by investing in the highly volatile cryptocurrency market.

Forensic psychiatrist Olav Nielssen said the high-stakes bet was a sign of Caddick’s desperation.

“If I get the big jackpot, I can pay everyone back and it’ll all go away – but that’s kind of the fantasy they present,” he said.

The new podcast investigates Caddick’s complex Ponzi scheme and follows his attempts to cheat investors, including the family, with their money.

Anthony Koletti (pictured right with his missing wife Melissa Caddick) is expected to give evidence during his inquest

Anthony Koletti (pictured right with his missing wife Melissa Caddick) is expected to give evidence during his inquest

Melissa Caddick Borrowed Money From A Moneylender And Invested In Cryptocurrency To Try To Pay Back Her Investors Before She Disappeared, According To A New Podcast

Melissa Caddick Borrowed Money From A Moneylender And Invested In Cryptocurrency To Try To Pay Back Her Investors Before She Disappeared, According To A New Podcast

'Liar Liar: Melissa Caddick and the Missing Millions' has revealed the Sydney conwoman approached a lender of last resort after stealing $23million of her investor's money (pictured, Caddick with partner Anthony Koletti)

‘Liar Liar: Melissa Caddick and the Missing Millions’ has revealed the Sydney conwoman approached a lender of last resort after stealing $23million of her investor’s money (pictured, Caddick with partner Anthony Koletti)

Caddick used the stolen funds to fund his lavish lifestyle which included designer clothes, two lavish Sydney homes, luxury cars, artwork and jewelry.

Most of the $1.1 million Caddick stole from his parents was used to purchase a flawless diamond for $590,000.

Caddick’s parents had sold their family home in Connells Point, South Sydney, and believed the money was being used to pay for their flat in Edgecliff.

Instead, Caddick spent the money on the diamond and other personal expenses.

The podcast also features an interview with one of Caddick’s victims who describes a telltale facial oddity which she says was the telltale sign the scammer was deceptive.

“Melissa had a terrible habit of licking her lips when she was lying,” Faye Reid told the podcast, which was produced by the Sydney Morning Herald and 60 Minutes.

Mrs. Reid and his wife, Cheryl Kraft Reid, were duped out of their $800,000 retirement savings by Caddick.

Ms Reid revealed last year that Caddick, who was constantly on the lookout for new victims, would meet the couple at her home to discuss their finances.

When she did this, Reid recalls, Caddick repeatedly licked her lips.

“It was slow and steady. She was talking a little then licking her lips, talking a little then licking her lips…I’m like, ‘Oh my God, what’s wrong with that woman?’ Said Ms. Reid.

Caddick had used the stolen funds to fund his lavish lifestyle which included designer clothes, two lavish Sydney homes, luxury cars, artwork and jewelery (pictured, Dover Heights home)

Caddick had used the stolen funds to fund his lavish lifestyle which included designer clothes, two lavish Sydney homes, luxury cars, artwork and jewelery (pictured, Dover Heights home)

Caddick was an unlicensed financial adviser who disappeared on November 12, 2020, the day after her home was raided by Australian Federal Police on suspicion of embezzling $30 million from 72 clients.

Caddick was an unlicensed financial adviser who disappeared on November 12, 2020, the day after her home was raided by Australian Federal Police on suspicion of embezzling $30 million from 72 clients.

Caddick was an unlicensed financial adviser who disappeared on November 12, 2020, the day after Australian Federal Police raided her home on suspicion of embezzling $30 million from 72 clients.

The 49-year-old had been investigated by the Australian Securities and Investments Commission (ASIC) for posing as a registered financial adviser and running a scam Ponzi scheme mainly his family and friends.

His victims handed over huge sums knowing that the money was invested in wallets.

Instead, Caddick, a designer brand addict who preferred Chanel and Dior which she wore with her red Chanel lipstick, spent the money on clothes, two Sydney houses, luxury cars, artwork art and jewelry.

In February 2021, partial human remains washed up on Bournda Beach on the NSW south coast, 400km from the Dover Heights home Caddick left four months earlier without his mobile phone, his wallet or his keys to go for a run just before sunrise.

Police compared DNA from the decomposed foot in the shoe to a sample from Caddick's toothbrush

Police compared DNA from the decomposed foot in the shoe to a sample from Caddick’s toothbrush

Police compared DNA from the decomposed foot in the shoe to a sample from Caddick’s toothbrush.

The podcast will follow the high-end life led by Caddick, described as “the crook of the century”, who began stealing as early as 1998 when she was caught forging checks at an investment bank.

A quiet, unremarkable schoolgirl from the southern suburbs of Sydney, Caddick developed a taste for luxury goods, expensive travel and high fashion, and traveled abroad 25 times between 2009 and her death.

Liar Liar promises to trace Caddick’s journeys from “Hong Kong’s high-end jewelry auction rooms” to “Aspen ski slopes” and “private islands in the South Pacific”

Born Melissa Grimley, she kept her married name from her first husband, Tony Caddick, whom she divorced in 2013, marrying her hairstylist Anthony Koletti the same year.

One of Caddick’s former associates claims that every day the scam mistress encountered potential prey, she “had to wear something different…to work”, and sometimes it was “a prom dress”.

Born Melissa Grimley, she kept her married name from her first husband, Tony Caddick, whom she divorced in 2013, marrying her hairstylist Anthony Koletti the same year.

Born Melissa Grimley, she kept her married name from her first husband, Tony Caddick, whom she divorced in 2013, marrying her hairstylist Anthony Koletti the same year.

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