Financial documents presented to the court show that $20 million went into her accounts between January 2018 and September 2020.
Not only did she make a substantial loss trading shares, but credit records show Ms Caddick spent almost $1 million on luxury shoes, clothes, accessories and jewellery, including $250,000 at Christian Dior alone.
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These items were seized by police during the raid on Ms Caddickâs Wallangra Road home in November.
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Ms Caddick also splashed out hundreds of thousands of dollars on luxury holidays and the court heard that she may have purchased real estate overseas, including property at the upmarket ski resort in Aspen, Colorado. ASIC has found $4 million in her accounts, the court heard.
Investors handed over $13m to Sydney businesswoman Melissa Caddick before she vanished, court told
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Melissa Caddick, pictured with her husband Anthony, was being investigated by ASIC.
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Investors handed over more than $13 million to a Sydney businesswoman before she vanished amid an investigation into her financial services company, a court has heard.
Key points:
Melissa Caddick went missing after leaving her Dover Heights home last month
The court hears $4 million sits in various bank accounts of Ms Caddick or her company
An ASIC investigation into Ms Caddick began in September
Melissa Caddick hasn t been seen for more than a month and is being treated as a missing person by NSW Police.
03:55 EDT, 15 December 2020
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The corporate watchdog has slammed a request in court to let Melissa Caddick s husband and young son live off a staggering $4,880-a-week sum.
A lawyer for the Australian Securities and Investment Commission took aim at a bid to prop up the lifestyle of the missing businesswoman s closest family at the Federal Court on Tuesday.
Anthony Koletti was dependent upon Melissa Caddick s income and is therefore entitled to access some of her assets to pay his ordinary living expenses.
But the court heard deeply aggrieved investors oppose paying for Ms Caddick s family members, as it could reduce the amount of money they eventually recover.
Missing womanâs familyâs âstaggeringâ ask The family of accused fraudster Melissa Caddick made a âstaggeringâ request to a court after she disappeared.
Crime by Steve Zemek 15th Dec 2020 3:57 PM The family of accused fraudster and missing Sydney woman Melissa Caddick initially requested a living allowance of $4880 a week, a court has heard. The request, described as staggering by lawyers for the Australian Securities and Investments Commission, was heard in the Federal Court on Tuesday as the financial regulator seeks to appoint a provisional liquidator for Ms Caddick s company Maliver. The court also heard on Tuesday that investors had sunk more $13 million into the fund managed by Ms Caddick, who has been missing for over a month.
Missing womanâs familyâs âstaggeringâ ask The family of accused fraudster Melissa Caddick made a âstaggeringâ request to a court after she disappeared.
Crime by Steve Zemek 15th Dec 2020 3:57 PM The family of accused fraudster and missing Sydney woman Melissa Caddick initially requested a living allowance of $4880 a week, a court has heard. The request, described as staggering by lawyers for the Australian Securities and Investments Commission, was heard in the Federal Court on Tuesday as the financial regulator seeks to appoint a provisional liquidator for Ms Caddick s company Maliver. The court also heard on Tuesday that investors had sunk more $13 million into the fund managed by Ms Caddick, who has been missing for over a month.