Luxury cars belonging to missing Sydney fraudster Melissa Caddick have sold for more than $300,000, as liquidators move to recover money for her dozens of victims.
The proceeds account for a fraction of the $23 million Ms Caddick allegedly swindled from investors while posing as a financial advisor.
Ms Caddick is believed dead having disappeared from her home in November 2020, leaving 72 investors more than $23 million out of pocket.
Aged 49, she vanished after her eastern suburbs mansion was raided as part of an investigation by the Australian Securities and Investments Commission (ASIC).
Her decomposed foot was later found on Bournda Beach near Tathra, about 500 kilometres south of Sydney, three months after she went missing.
ASIC alleges Ms Caddick was misappropriating investor funds through her financial services company, Maliver, and operating without a licence.
The Federal Court heard last year the amount that could be recovered from Ms Caddick and her "sham" company's combined assets might be at least $15 million short of what she allegedly stole.
Last night, two luxury vehicles owned by Maliver —- a 2016 Audi R8 V10 and a 2016 Mercedes-Benz CLA45 — were sold at an online auction.
They fetched $295,000 and $66,250 respectively.
The $361,250 in proceeds are set to be distributed among her investors.
Liquidator Bruce Gleeson from Jones Partners said the sale of Ms Caddick's assets was a critical step towards reimbursing the many victims of her Ponzi scheme.
"There was significant interest in both vehicles, particularly the Audi R8 and we are pleased with the prices achieved," he said.
Before her suspected death, Ms Caddick was facing 38 charges, including multiple counts of fraud and falsely claiming she had a financial services licence.
Ms Caddick's five-bedroom family home in Dover Heights, which she bought for $6.2 million in 2014, and an Edgecliff property owned by her family are also expected to go on the market in the coming months.
"We have filed an application and other documents with the Federal Court of Australia ... to advance our position regarding the sale of assets such as the share portfolios and real estate," Mr Gleeson said.
