Melissa Caddick’s $15million mansion will need to undergo minor repairs before liquidators appoint a real estate agent to handle its sale – as they look to pay back the victims of her fraud.
The conwoman’s husband, hairdresser and DJ Anthony Koletti, has been living in the home since her disappearance, was ordered by the Federal Court last week to vacate the Dover Heights home before May 18.
The Australian Investment and Securities Commission (ASIC) have seized all her assets as a means of repaying her former clients who lost millions to the fraudster, with a barrister for liquidators confirming it would take up to six weeks to sell the home.
‘We need to go into the home, make minor repairs, market, appoint an agent,’ lawyer Steven Golledge said. ‘It will be about a four to six-week program.’
Melissa Caddick’s $15million mansion will need to undergo minor repairs before liquidators appoint a real estate agent to handle its sale
Caddick mysteriously vanished the next day and wasn’t seen or heard from again until March the following year when her severed foot washed up on a South Coast beach
Ms Caddick bought the home in Sydney’s eastern suburbs for $6.2million in 2014, with its value nearly tripling in eight years.
Mr Koletti, who has been living in the lavish mansion since his wife went missing on November 12, 2020, was present in Federal Court on Monday as ASIC confirmed it was moving forward with its ‘realisation of the property’, NCA newswire reported.
‘Anthony Koletti is to be granted liberty to apply on two days’ written notice in respect of any dispute regarding the removal of personal property items from the Dover Heights property,’ Justice Brigitte Markovic said in court last week.
The property will be sold by liquidators in an attempt to try and repay some of the $23million Caddick stole from investors in her Ponzi scheme – which largely comprised close friends and family.
It is now being prepared for sale, with maintenance and repairs being made and the couples’ belongings being removed.
Ms Caddick bought the home in Sydney’s eastern suburbs for $6.2million in 2014, with its value nearly tripling in eight years
Justice Markovic made an order to allow the Securities Commission to take possession of the Dover Heights house, ahead of a real estate agent being appointed and valuations being conducted.
‘The receivers would be justified in… undertaking maintenance and repairs they consider appropriate to the property and arranging for the styling of the property,’ the order reads.
Caddick posed as a financial advisor and told her 74 victims that she was investing their life savings in well-performing shares – fudging CommSec statements to trick them into believing they were accumulating wealth.
Mr Koletti has been living in the lavish mansion since his wife went missing on November 12, 2020
However, Caddick didn’t invest anything on her clients’ behalf – instead, she used investor money to fund her lavish lifestyle, which included luxury holidays, designer jewellery, clothes, cars, and a fine art collection.
Her scheme fell apart when the Australian Investment and Securities Commission and the Australian Federal Police raided her home in November 2020.
She mysteriously vanished the next day and wasn’t seen or heard from again until March the following year when her severed foot washed up on a South Coast beach – 400km away from the Dover Heights mansion.
Caddick was presumed dead, but there will be a formal inquest in September.
Financial adviser Melissa Caddick is pictured with her husband Anthony Koletti in Aspen, Colorado, during a ski trip
Mr Koletti fought to keep some of the assets his wife bought with stolen funds – claiming only two weeks ago that he contributed financially to the household between 2017 and 2020.
In mid-April, the one-time DJ submitted a statement to the Federal Court claiming he was a homemaker and cared for his Caddick’s teenage son – which meant he should be given Caddick’s art collection, diamond jewellery, and her Gucci wedding dress.
He has also tried to get a cut of the sale of the $15million house, along with the $4million three-bedroom unit in Edgecliff – which Caddick bought for her elderly parents.
In February, Mr Koletti told the Federal Court that he saw ‘no purpose’ in receivers having access to the Dover Heights home.
‘I need all the money that I can get,’ he said.
Pictured: Anthony Koletti with the Audi R8 convertible sports car that Caddick bought
After claiming he was too busy to let a court-appointed insolvency group inside the property, he said he was ‘trying to support a young child.’
Caddick’s teenage son, who she had with her first husband, is understood to be living at the property with Mr Koletti.
The court previously heard that Mr Koletti had $1.95 in his bank account when Caddick vanished in November 2020 – the day after the home was raided by Australian Federal Police.
Steven Golledge, SC, who is representing Bruce Gleeson and Daniel Soire from insolvency firm Jones Partners, told the court that Mr Koletti objected to the sale of the house, but that he did not provide any evidence to support his claim.
Mr Koletti also objected to the sale of his Audi R8 convertible sports car, but again he failed to give liquidators any proof that he contributed to the $390,000 purchase in 2016.
The car sold for $295,000 in February, while Caddick’s black 2016 Mercedes-Benz CLA45 was auctioned for $66,250.