Melissa Caddick spent $400,000 of her investor’s money on clothes, accessories and jewellery to wear for a school fundraiser.
The con-artist and her partner Anthony Koletti were dressed to the nines for the red carpet event at Cranbrook School in Bellevue Hill, Sydney’s eastern suburbs, in 2018.
Award winning Australian journalist Kate McClymont revealed in her podcast ‘Liar Liar: Melissa Caddick and the Missing Millions’ the pair were decked out from head to toe in stolen money.
The most expensive item was a $250,000 diamond and sapphire necklace that adorned Caddick’s neck.
Melissa Caddick spent $400,000 of her investor’s money on clothes, accessories and jewellery to wear for a school fundraiser
Caddick fleeced her closest family and friends, including her parents, out of millions of dollars, leaving behind an accumulative debt of close to $23million
The conwoman wore matching earrings and bracelets that cost $40,000, an engagement ring worth $34,000 and a wedding band valued at $26,500.
Her embossed ball gown from the 2018 collection by international fashion designer Oscar de la Renta cost $14,180.
Caddick had also splashed out for her partner’s outfit with Mr Koletti dressed in a smart tuxedo and fancy dress shoes.
He wore a wedding band worth $26,000, cufflinks valued at $8,000 and a Breitling chronograph Navitimer wristwatch that costs $11,000.
Daily Mail Australia is not suggesting Mr Koletti was aware of how Caddick had afforded the couple’s outfits.
Caddick fleeced her closest family and friends, including her parents, out of millions of dollars, leaving behind an accumulative debt of close to $23million.
Australian Securities and Investments Commission have launched an investigation and broken down her expenditures over the 18 months from December 2017.
Caddick spent $229,277 at Dior, $187,650 at Canturi Jewellers, $52,548 at Cosmopolitan Shoes, $48,588 at Chanel and $45,600 at Farfetch.
Another $17,777 was spent at Louis Vuitton, $39,575 at Net-A-Porter and another $291,744 for personal expenses.
Caddick is believed to have spent $500,000 every year for her overseas trips.
She also spent $620,000 to buy a single-stone diamond ring weighing 6.03 at an auction in Hong Kong in May 2018.
Mr Koletti is pictured with Caddick and her son several years befor she disappeared
Stay-at-home husband Anthony Koletti (pictured with his sports car) enjoyed the life of a multi-millionaire, thanks to his wife Melissa Caddick
Caddick’s spending spree
The Australian Securities and Investments Commission have launched an investigation into Caddick.
Below is a list of the items she bought and money she spent in the 18 months from December 2017:
Canturi Jewellers: $187,650
Cosmopolitan Shoes: $52,548
Louis Vuitton: $17,777
Oscar de la Renta: $14,180
Bergdorf Goodman: $17,617
Personal expenses: $291,744
Flight Centre: $108,586
Hong Kong: $18,877
New York: $37,283
Aspen apartment: $34,223
ASIC and federal police raided her Dover Heights home in November 2020 and took with them 48 pieces of jewellery worth $2million.
Caddick also claimed to own several Argyle diamonds worth millions of dollars, which have not yet been located.
A diamond dealer said Caddick sent him a photo of three Argyle diamonds.
‘One of them caught my eye because it was a blue diamond,’ the dealer said.
‘They’re very rare. They’re also very, very expensive …. multiple millions of dollars.’
McClymont said Caddick’s disappearance was still being probed by detectives after she went missing from her Dover Heights home in November 2020.
She said the investors who were ripped off have been interviewed to rule out foul play with bizarre theories emerging about what really happened to the fraudster.
‘I get the theories every single day,’ she said. ‘I have seen her in a wheelchair in Israel, she’s on a Greek island, she has changed into a man, she’s got a beard now.’
Caddick bought her partner Anthony Koletti a blue convertible Audi R8 V10 in 2016 before he was forced to sell it at auction for $295,000
Caddick spent her investors’ hard-earned dollars on maintaining her extravagant lifestyle, purchasing luxury clothing, designer goods and flashy sports cars
Caddick outlined her ‘eight golden rules’ for choosing the right financial advisor while plotting how she would steal millions from her own innocent clients.
The fraudster lied about her qualifications and never held a license as a financial advisor when she tricked dozens into ‘investing’ their life savings.
Caddick instead spent their hard-earned dollars on maintaining her extravagant lifestyle, purchasing luxury clothing, designer goods and flashy sports cars.
She had lied that she had a master’s in business and was part of the Financial Planning Association of Australia in a bid to reel in more clients.
Caddicks’ eight golden rules were published during her time with the now-defunct company Wise Financial Services, where she worked in 2003-2004.
The company won best financial practice of the year in Independent Financial Adviser magazine in 2003.
Her role at the firm also saw Caddick splashed across the front page of the publication underneath the headline ‘A Wise Choice’.
Caddick (pictured with husband Anthony Koletti) lied about her qualifications and never held a license as a financial advisor when she tricked dozens into ‘investing’ their life savings