Melissa Caddick spent $400,000 of her investor’s money on clothes, accessories and jewelry to wear for a school fundraiser.
The con man and his 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’ that the couple were decked head to toe in stolen cash.
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 jewelry to wear to a school fundraiser
Caddick defrauded her family and closest friends, including her parents, out of millions, leaving behind an accumulated debt of nearly $23 million.
The conwoman wore matching earrings and bracelets that cost $40,000, an engagement ring worth $34,000 and a wedding band worth $26,500.
Her embossed prom dress from international fashion designer Oscar de la Renta’s 2018 collection cost $14,180.
Caddick had also splashed his partner’s outfit with Mr Koletti dressed in a sleek tuxedo and fancy shoes.
He wore a wedding band worth $26,000, cufflinks worth $8,000 and a Breitling Navitimer chronograph wristwatch that costs $11,000.
Daily Mail Australia does not suggest Mr Koletti was aware of how Caddick gifted the couple’s outfits.
Caddick defrauded her family and closest friends, including her parents, out of millions, leaving behind a cumulative debt of nearly $23 million.
The Australian Securities and Investments Commission launched an investigation and broke down its spending over the 18 months from December 2017.
Caddick spent $229,277 at Dior, $187,650 at Canturi Jewelers, $52,548 at Cosmopolitan Shoes, $48,588 at Chanel and $45,600 at Farfetch.
An additional $17,777 was spent at Louis Vuitton, $39,575 at Net-A-Porter, and an additional $291,744 for personal expenses.
Caddick is believed to have spent $500,000 each year on his overseas travels.
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 his son several years before he disappeared
Stay-at-home husband Anthony Koletti (pictured with his sports car) has enjoyed the life of a multi-millionaire, thanks to his wife Melissa Caddick
Caddick’s Spending Madness
The Australian Securities and Investments Commission has launched an investigation into Caddick.
Below is a list of the items she bought and the money she spent in the 18 months from December 2017:
Canturi jewelers: $187,650
Cosmopolitan shoes: $52,548
Louis Vuitton: $17,777
Valentine’s Day: $14,180
Oscar de la Renta: $14,180
Bergdorf Goodman: $17,617
Personal expenses: $291,744
Flight Center: $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 jewelry worth $2 million.
Caddick also claimed to own several Argyle diamonds worth millions of dollars, which have yet to be located.
A diamond dealer said Caddick sent him a picture of three Argyle diamonds.
“One caught my eye because it was a blue diamond,” the dealer said.
‘They are very rare. They are also very, very expensive…. several million dollars.
McClymont said Caddick’s disappearance was still being investigated by detectives following his disappearance from his Dover Heights home in November 2020.
She said investors who were scammed were questioned to rule out foul play with bizarre theories about what actually happened to the fraudster.
“I get the theories every day,” she said. “I saw her in a wheelchair in Israel, she’s on a Greek island, she changed into a man, she has a beard now.”
Caddick bought a blue Audi R8 V10 convertible from partner Anthony Koletti in 2016 before he was forced to auction it off for $295,000
Caddick spent his investors’ hard-earned money to maintain his extravagant lifestyle, buying luxury clothes, designer items and flashy sports cars
Caddick described her “eight golden rules” for choosing the right financial adviser while plotting how she would steal millions from her own innocent clients.
The fraudster lied about her qualifications and never held a financial adviser’s license when she got dozens of people to “invest” their savings.
Caddick instead spent his hard-earned money maintaining his extravagant lifestyle, buying luxury clothes, designer items and flashy sports cars.
She had lied that she had a master’s degree in commerce and was part of the Financial Planning Association of Australia in an effort to attract more clients.
Caddicks’ eight golden rules were published while she worked for the now defunct Wise Financial Services, where she worked in 2003-2004.
The company won Independent Financial Adviser magazine’s Best Financial Practice of the Year award in 2003.
His role with the company also saw Caddick splash onto the publication’s front page under the headline “A Smart Choice”.
Caddick (pictured with husband Anthony Koletti) lied about her qualifications and never held a financial adviser’s license when she enticed dozens of people to ‘invest’ their savings