Melissa Caddick, who went missing in November shortly after the corporate watchdog ASIC raided her home, has just $5,600 in her bank accounts, a court hears.
Anthony Koletti has already had his $300,000 blue Audi repossessed. Now a court has been told he and his stepson have been cut off from their weekly allowance.
Melissa Caddick s own parents, brother may be victims of her financial trickery
Brother Adam and mum and dad, Barb and Ted, gave her money to buy shares
Funds were never returned, putting them among investors with missing monies
Court ordered end to $1,700-a-week allowance to her husband Anthony Koletti
Investors were furious missing financial adviser s money propped up lifestyle
Caddick disappeared in November, the day after Asic officers and Australian federal police agents raided the $6m Dover Heights house that Caddick shared with her husband and son.
In court documents, Asic has previously claimed that more than 60 people were suspected to have lost about $13.1m investing with Caddick. Lawyers for some investors believe $25m was lost and even that “could be an extremely conservative assumption”.
Her parents and brother claim to be among those who invested money with her but had not seen a return, documents before the court show.
Asic suspects that after Caddick signed on clients to manage their investments she transferred their cash to her bank accounts to fund her own luxurious lifestyle.