ASIC had investigated his company, Maliver Pty Ltd, over allegations that it provided unlicensed financial services and that its sole director and shareholder had misappropriated funds.
Legal proceedings initiated by the corporate watchdog in November 2020 are still ongoing against the mastermind of the Ponzi scheme and his company in a bid to return money to duped investors.
On Monday, in the long-running civil suit, attorney Nicola Bailey, acting for the receivers of Caddick’s estate, sought federal court orders authorizing the disposal of assets to which no objections were raised. had been received from “pocket investors”.
The “undisputed” goods up for auction or return to owners included Canturi jewelry, designer items and household items, Bailey said.
Regarding the jewelry, Bailey said Canturi Corporation had “no difficulty” delivering the pieces in its possession.
She said non-commercial items such as stationery and cleaning supplies could be donated to charity, while a pearl necklace would be “relinquished” to its owner.
All proceeds would be held in an escrow trust account, the attorney said, noting that a “contested asset claim” would be made at a later date.
The court heard that Caddick’s husband, Anthony Koletti, objected to the sale of certain assets, but they did not include those being considered on Monday.
In April, Koletti claimed, according to court documents, that he was entitled to a million-dollar share of Caddick’s property, jewelry, artwork and cars.
The Sydney hairdresser later dropped the claim, according to the Sydney Morning Herald.
“I am convinced that I can make the orders requested (…) on the basis of the evidence that was read this morning,” said judge Brigitte Marcovic.
“I am satisfied that all necessary parties have been advised of the proposed sale of various assets which form the property in receivership.”
Inside Fraudster Melissa Caddick’s Luxury Home
The judge said any assets objected to were not within the scope of the order and therefore would not be sold, with the resolution of those assets being “for another day”.
Caddick, 49, defrauded more than $30 million in funds over eight years, leaving investors out of pocket for up to $23.7 million, the federal court has already been told.
In February, his luxury cars sold at auction for over $360,000.