Luxury cars

Missing wife Melissa Caddick’s luxury cars auctioned for $360,000

Two luxury cars belonging to missing Sydney con artist Melissa Caddick have been auctioned off to pay off defrauded investors.

Two luxury cars belonging to missing Sydney con artist Melissa Caddick have been auctioned off, with more than $360,000 in proceeds to repay defrauded investors.

Insolvency firm Jones Partners has confirmed that the two cars belonging to Ms Caddick’s company, Mailver Pty Ltd, a 2016 Audi R8 V10 and a 2016 Mercedes-Benz CLA45, were sold at the first auction on Monday evening luxury vehicles from Pickles for $295,000 and $66,250. .

“There was significant interest in both vehicles, in particular the Audi R8 and we are pleased with the pricing achieved,” Jones Partners principal Bruce Gleeson said in a statement.

“Today we will also be sending our Maliver Legal Creditors Report to investors and other stakeholders, in connection with which we will hold a meeting of creditors on March 15, 2022 to discuss the status of the liquidation generally and to ‘other potential recoveries.’

There are also plans to sell Ms Caddick’s home in Dover Heights and another property.

“In relation to the sale of the Caddick property in receivership, as recently announced, we have filed a claim and other documents with the Federal Court of Australia that the matter is set down for trial on February 24, 2022 to advance our position regarding the sale of assets such as equity portfolios and real estate,” Mr. Gleeson said.

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 earlier this month said the cars would be sold on the instructions of the accountants involved in the liquidation of Maliver Pty Ltd.

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

This is the same type of ride that was featured in Marvel’s Iron Man films directed 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 liquidation and we are also continuing other efforts, including the recovery of potential tax refunds in the liquidation,” said said Mr Gleeson at the time.

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 how she “brought in” 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,” he said.

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

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