Luxury cars

Melissa Caddick’s luxury cars sold at auction

Two luxury rides that once belonged to conwoman Melissa Caddick – including one that was a favorite in the Iron Man films – will be sold.

Two luxury cars that belonged to missing Sydney con artist Melissa Caddick will be auctioned off to repay investors who were defrauded.

The Sydney businesswoman disappeared in November 2020 shortly after her home was raided by Australian Federal Police as part of an Australian Securities and Investments Commission investigation into her and her business.

She has not been seen since, although her decomposed foot, still encased in an Asics running shoe, was discovered on Bournda beach near Tathra a year ago.

A notice issued by auction house Pickles said the cars would be sold under the instructions of accountants handling the liquidation of Ms Caddick’s company, Maliver Pty Ltd.

An Audi R8 Plus V10 and a Mercedes Benz CLA45 AMG would go under the hammer on February 21 at 6 p.m., according to the notice.

The Audi is a supercar that would have cost around $400,000 new.

It’s the same type of ride that featured in Marvel’s Iron Man movies, piloted by Tony Stark.

The Mercedes is a performance car that would have cost around $100,000 when new.

“This is an important step in initiating the process of realizing the assets in the liquidation and we are also continuing other efforts, including the recovery of potential tax refunds in the liquidation. “said Bruce Gleeson, director of Jones Partners, which is overseeing the liquidation.

There are also plans to sell the Dover Heights house and another property, Mr Gleeson said.

“With regard to the property in receivership, which includes assets such as the Dover Heights and Edgecliff properties and equity portfolios, significant work was undertaken in December and January and we are taking legal action to expedite the sale of these assets to move forward being in a position to return cash to investors,” Mr. Gleeson said.

Mr Gleeson previously told reporters it appeared Ms Caddick had tricked investors into giving her money she used to lead an extravagant life.

She was “meticulous and systematic” in the way she “attracted” investors to hand over money, sometimes their savings, he said in February 2021.

“The way she continually represented to investors that their investments were safe, that their investments were increasing in value.

“All the investors thought everything was fine, but obviously nothing could be further from the truth.”

Originally published as Melissa Caddick’s luxury cars sold at auction