Although the NSW Coroner is yet to make a ruling on her fate, police believe that within hours of the raid, Caddick threw herself off the cliffs only 150 metres from her home. Caddick defrauded family and friends of between $20m and $30m in a Ponzi scheme before vanishing hours after authorities raided her Dover Heights home in Sydney's eastern suburbs. How did one woman come to rip off her family and friends to the tune of $30million? She and Koletti then rented a Rose Bay house with five bedrooms and five bathrooms. Assistant Commissioner Willing said there had been no confirmed sightings of Ms Caddick on the South Coast. Melissa Caddick hasn't been seen since leaving her Dover Heights home on November 12. Shed be happy to speak to the investors brother or could she refer one or two people to her business now that you know what we do. We've kept an open mind all along.". The next day Caddick, her son and her new husband jetted off to ski in Aspen for the entire month, with the estimated $80,000 cost of the holiday paid for by her victims. One thing that stunned Caddicks circle was her petty larceny. Melissa Louise Grimley was born on April 21, 1971. The case returns to the Federal Court in April. However, that arrangement ceased after a court order was made. Her solution had been to ask a former work friend if she could use hers. Sergeant Foscholo told the court that he believed that unfortunately Ms Caddick died by suicide, with the catalyst coming when her crimes were uncovered. Larger text size. On Thursday evening, NSW Health Pathology confirmed the remains matched the DNA on Caddick's toothbrush. However, a law firm acting for some of the investors believed the true total may be $20 million or higher. Browne said it was important for a missing persons investigation to follow all possible lines of inquiry and collect as much evidence as quickly as possible. Detective Sergeant Michael Foscholo, who was the officer in charge of the investigation, told the inquest this week that he believed Ms Caddick had taken her own life by jumping into the sea at Rodney Reserve. "Money and various things were going missing from the family home," recalls Joanna. Cheryl Kraft Reid entrusted almost $1million of her superannuation with Ms Caddick, whom she considered as a friend and last heard from two months prior to her disappearance. Unfortunately, the pause button remained firmly depressed on his aspiring musical ambitions. First up the documentary, Life and Limb: The Missing Millionairess. Confirmation from police that a "badly decomposed" foot with DNA matching the 49-year-old's washed up on a NSW south coast beach has answered only the question surrounding her whereabouts. Cheryl Kraft Reid (at rear) and her partner Faye Reid were both ripped off by Melissa Caddick.Credit:Ben Rushton. Were working to restore it. Wed be at dinner and she would say, Thats a beautiful butter knife, and shed steal it, says one long-term friend. They can be cheeky, nippy, and playful but these camels are also helping put a business on the map, Sherpa are world famous for their work, which is synonymous with their name. "At this point we can't rule out anything. Yes, Melissa Caddick is a real woman. Leaving Wise in December 2004 amid tears and recriminations, she told friends she was done with the industry. Police officers responding to a reported domestic violence incident in Sydney have shot dead a knife-wielding 29-year-old man. Bodyworn-camera footage played during the inquest showed Sergeant Riley telling Mr Koletti at the Caddick residence that he was worried that he had told him he last saw Ms Caddick at 5.30am but told his offsider it was midnight. The case of Melissa Caddick and her missing millions has transfixed not just the eastern Sydney suburbs that was her milieu but the wider Australian population, ever since it emerged in November 2020 that the 49-year-old had been running a Ponzi scheme. Is there anything else I need to know? the investment chief asked with cold fury. ASIC recorded this single, unsourced complaint about Caddick operating without her own licence, but took no action. Apart from that, she went down as one of the successful businesswomen who is a managing director is SalesXecution. News, that's when a decaying human foot found inside a sneaker washed up some 400 km away from where she was last seen in Sydney. Modelling by NSW Police marine rescue teams, taking tides and drift patterns into account, has explored the possibility that Ms Caddick entered the water in the Dover Heights area around November 12. In August 2020, while in a dentists waiting room, this investor struck up a conversation with a fellow patient, also from Sydneys east. February 26, 2021 1.14pm. Shed call later to say they were in luck a place had become available. Det Insp Glen Browne said concerns the alleged fraudster had taken her own life were not given as much weight early in the investigation. Nothing matters more than family. Man lost control, killed aggressive wife. They can be cheeky, nippy, and playful but these camels are also helping put a business on the map, Sherpa are world famous for their work, which is synonymous with their name. Melissa Caddick was last seen at her Dover Heights home in Sydney's eastern suburbs on November 11. In a report provided to the court, forensic psychiatrist Kerri Eagle said Ms Caddick likely suffered narcissistic personality disorder. In February 2021, her decomposing foot washed ashore in a running shoe at Bournda Beach on the NSW south coast. Buoyed by such returns, investors would put more money in and, via word of mouth, talk of Caddicks impressive returns spread. During the press conference, he appealed to the communities of Australia to come together to find his wife. So he did nothing. The search for answers in one of the countrys most compelling mysteries took a step towards resolution this week, as an inquest into Ms Caddicks disappearance and suspected death heard some of its final evidence. Caddick, he suggests, had a shopping addiction, which is known as compulsive buying disorder (CBD). When his wife starting raising concerns about Caddicks trust fund details and how the CommSec account would be run, her husband received a call from Caddick saying she was putting his possible investment on hold as her husbands cousin had died and she needed to attend his funeral. Melissa Caddick's story comes to an end 60 Minutes Australia/YouTube After that November raid on her home, Caddick's whereabouts were unknown at least until February, 2021. He told the Federal Court that hed been employed part-time as a hairdresser until the COVID lockdown in late March, 2020. When the patient told her she was a financial adviser, the investor mentioned her joy at having found Melissa Caddick. On one occasion when the snow was poor at Aspen, the avid skier spent $34,000 decamping the family to Whistler in Canada. "We just don't know at the moment," Assistant Commissioner Mick Willing said. A 10-day inquest into the alleged fraudsters death continued in Sydney on Monday, examining the circumstances leading to the 49-year-olds disappearance in November 2020 and her mindset at the time. Since late 2020, the case of missing Sydney woman Melissa Caddick has captivated the country. "[We] will continue to work with receivers and provisional liquidators to prepare for the Federal Court hearing [in] April.". He later accepted his wife was a fraudster after paying attention to the court proceedings. She left her wallet, phone and keys behind and has made zero contact with anyone since. [3] Years later, she was surprised to run into Caddick at a private boys school in Sydneys east. She thought it best to let her friend work things out. Ms Caddick was last seen at her $7 million Dover Heights home in Sydney's eastern suburbs on November 11 before vanishing early the next morning. She was conscious of fashion labels even back then, according to Joanna. Melissa Caddick is dead, police have confirmed, after the missing businesswoman's foot was found on a beach more than 400 kilometres from where she was last seen in Sydney's east. 'During the course of those searches, our marine area demand provided advice to investigators based on offshore drift modelling that raised the possibility that an object or abody that entered the water around the Dover Heights area could drift as far south as Bermagui,' he said on Friday. Investors 'were working on the basis that they trusted Melissa and that they could trust that she was going to invest their money prudently and diligently,' provisional liquidator Bruce Gleeson told reporters on Wednesday. @meow yeah you'd have to know quite a bit about body decomposition and coastal tides to pull off a stage 'washed up on the beach 400km away ' scenario. His father Rodo would later tell 60 Minutes, Anthony is a hairdresser. Police say it is possible for Caddick's body to have entered the water in Sydney's Eastern Suburbs around November 12, and to have drifted to the NSW South Coast over a period ofthree months. She always had that desire to be better than she was even from primary school. On a skiing trip with her son and her second husband, Anthony Koletti. Koletti told the inquest in September he held Asic responsible for his wifes suspected death. Investigators looking into the disappearance of Melissa Caddick held vital clues about her whereabouts just days after she vanished. Earlier in the year, oceanographer David Griffin told the inquest that it was possible that Ms Caddicks foot floated from the waters off Sydney to the NSW far south coast in the space of 90 days. Ralph Fiennes, 60, is spotted in Rome with former lover Francesca Annis, 77 - who was involved in the end of PETER HITCHENS: Now we know for sure that our leaders lost their heads over Covid. Tony was to later tell friends that Caddick was spotted by a mutual friend in a Paris bar canoodling with someone clearly not her husband. His estranged wife, meanwhile, had taken up residence in the Kensington home the couple had bought for $1.56 million in 2009. Between 2012 and 2020, Caddick had convinced more than 60 people to entrust a combined $30 million of their savings to her sham wealth management business, Maliver, none of which she was actually investing on their behalf. We have kept an open mind, however given the circumstances of her disappearance, the fact she left personal belongings behind, we have always considered the possibility that she may have taken her own life but that is a matter for the coroner, NSW Police Assistant Commissioner Mick Willing said on Friday. 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Detective Inspector Atkins had personally briefed Melissa's devastated husband Anthony Koletti and teenage son about the discovery on Thursday night. Court documents also show that between January 2018 and September 2020 more than $20 million was withdrawn from Ms Caddick's direct investment account. Today, Assistant Commissioner Willing said while CCTV footage in Dover Heights was "extensive", it did not cover the entire suburb. The Federal Court has heard the process of retrieval will be complicated because while the majority of clients invested their money with Maliver, most of the identified assets were in Ms Caddick's name. "We just don't know at the moment," Assistant Commissioner Mick Willing said. So, instead of having to examine only a brief segment of footage from each piece of CCTV they retrieved, they had to pore over 40 hours from each. I found out when a potential client of Melissa did some due diligence on the documents they were provided, the friend says of her discovery that Caddick was using her licence. The inquest will return to court in February before Deputy State Coroner Elizabeth Ryan hands down her findings at a later date. Key points: NSW Police Assistant Commissioner Mick Willing described the case as one of the most "high profile" he had seen When a friend organised a lunch to introduce her to another owner in the building, Caddick begged off at the last minute, saying shed been hit by a snowboarder. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. A definite decision in relation to the manner, time and cause of death of Melissa Caddick is a matter for the coroner, NSW Police say. Following his graduation from the University of NSW, Adam worked as a chemist at Esso and later moved to Singapore, where he became a partner specialising in chemicals and energy with global professional services company Accenture. This is the most likely option, according to NSW Police. (Supplied)Ms Kraft Reid first heard about her financial adviser's disappearance when she stumbled across an . Credit: Investors werent the only ones sucked in by Caddick. A report will be prepared for the coroner. 'Police have always kept an open mind in relation to what the circumstances were for her disappearance, including the fact that Melissa may have taken her own life.'. Caddick lost the ensuing battle to be allowed to recommend shares to her clients. It was her Sydney hairdresser, Anthony Koletti. This will include further searches around the Bournda Beach area and along the surrounding coastline. Nationwide News Pty Ltd 2023. Behind his back, her friends referred to Koletti as The Handbag or the Toy Boy. Caddicks $6.2million Dover Heights home.Credit:Kate Geraghty. By mid-morning, Caddick had changed tack. "At first examination the shoe doesnt appear to have been in the water for three months," Superintendent Joe McNulty, Commander of the NSW Marine Command, told the publication. When the day of reckoning came for Caddick, Parmegiani speculates that she knew she was facing a lengthy period in jail. Other victims want to know where the rest of Ms Caddick's body was. The foot and shoe matched the size and description of a shoe Ms Caddick was seen wearing during the execution of the ASIC search warrant of a home two days before she disappeared. She was still living at home in Lugarno when she began dating a man she'd met at Friday night drinks in a pub in the city. We are determined she wont ever take that.. A coronial inquest into the 49-year-old's presumed death began on Monday and is due to run for 10 days. It was 1998, and Caddick had landed a job running the Sydney office of a recently opened boutique investment house via a friend shed worked with at the NRMA. 'Wow, that's a sad tragic outcome for her son but its also just a sad tragic outcome for us because we just don't get closure,' Ms Kraft Reid told the radio program. A week after his wife was last seen, Mr Koletti, and Ms Caddicks brother Adam Grimley, took part in a public appeal for information. Her pitch to Joanna was that since Caddick was already making money buying and selling shares, it was no trouble to do it for both of them. Caddick made a hasty departure, packing her personal belongings into her designer handbag. The shares in which she invested her clients funds never made a loss. The first police investigator to work on the disappearance of alleged fraudster Melissa Caddick has told a Sydney inquest her husband gave conflicting accounts of her final movements. Prisoners 'demand pay rises' as prices of everyday items including toothpaste and shower 'soar at the jail A 14-year-old autistic boy's naive prank. That same day, the investor rang Caddick wanting her money back, saying it was because shed suddenly found a house to buy. He drove a second-hand Hyundai and rented a small apartment in Alexandria. Not only did she forge her clients signatures where required, but when a Justice of the Peace was needed to witness that other signatures were genuine, she also forged the signature of her father-in-law, Rodo Koletti, a JP.