Twist in Melissa Caddick saga as four items vanish from her home

Tom Flanagan
·News Reporter
·2-min read

Investigators involved in the disappearance of alleged conwoman Melissa Caddick have turned their attentions to four pieces of expensive missing artwork that have vanished from her luxury Dover Heights home.

During investigations of the 49-year-old's property, police discovered only 15 of 19 artworks listed on her contents insurance remained in the home, the Sydney Morning Herald reported.

The missing works include two by Israeli artist David Gerstein and two by Australian artist Adrian Lockhart.

Works by Gerstein have sold at auction for up to $24,000, according to Mutual Art.

One of the artworks by Lockhart, named Diver, can be seen in an image of Caddick and her husband Anthony Koletti that was shared on social media.

A report into the 49-year-old's financial affairs revealed she misappropriated about $25 million of investors' funds, the Sydney Morning Herald reported on Thursday.

Details of her lavish lifestyle have revealed the extent of her spending.

The artwork Diver behind Melissa Caddick and her husband Anthony Koletti. Source: Instagram
The artwork Diver behind Melissa Caddick and her husband Anthony Koletti. Source: Instagram

More than $750,000 was spent on high-end fashion and jewellery by Caddick using her credit cards, the Sydney Morning Herald reported, stating court documents.

Among that spree was $250,000 spent at Dior.

There was also more than $200,000 spent on holidays which included a trip to New York.

The focus of investigators shifted once again to Sydney's Eastern Suburbs nearly two weeks after Caddick's decomposed foot was found washed up near Tathra on February 21, 400km south of her Dover Heights home.

Ms Caddick and her husband Anthony Koletti in 2015. Source: Facebook
Ms Caddick and her husband Anthony Koletti in 2015. Source: Facebook

Police divers planned to search waters surrounding South Head and near her home on Wednesday, however conditions were too rough. The mission was again abandoned on Thursday and commenced again on Friday.

The financier disappeared from her multi-million dollar home on November 12, hours after corporate watchdog ASIC executed a search warrant at the house.

Liquidators say she "meticulously and systematically" deceived those who entrusted millions of investment dollars to her over seven years.

Police this week confirmed several sets of remains found at a number of south coast beaches do not belong to Ms Caddick.

Remains were also found at Cunjoring Point and Warrain Beach over the weekend, with testing ongoing to determine whether they belong to Ms Caddick or are even human.

Police are still trying to determine when and where Caddick died, with Assistant Commissioner Michael Willing telling reporters last week foul play against Caddick was possible, but suicide was more likely.

Police say due to the condition of her foot, she may not have died immediately after her disappearance.

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