Former client tells inquest she found out Melissa Caddick was ‘doing something illegal’

A woman who invested $2.5 million with Melissa Caddick has told an inquest a chance meeting in a Sydney dental clinic led her to discover the alleged fraudster was using someone else’s financial services licence.

The inquest has also heard from Ms Caddick’s husband, Anthony Koletti, who said he had no knowledge of any fraudulent activity from his wife.

Ms Caddick has not been seen since November 2020, after the Australian Securities and Investment Commission (ASIC) and Australian Federal Police raided her home in Dover Heights, in Sydney’s east.

ASIC was at the time investigating the 49-year-old over an alleged Ponzi scheme. An inquest into her suspected death has heard the alleged fraud involved between $20 million and $30 million.

Witness Dominique Ogilvie told the court she initially transferred $450,000 to Ms Caddick in April 2020, after meeting her in Aspen, Colorado, in January.

She was told Ms Caddick was a financial adviser who “ran a small company” from home, working with about 15 clients.

“That is brilliant, you are brilliant, I love your efficiency,” she texted Ms Caddick in July, in response to a portfolio summary she had been sent.

The inquest heard that by that point, she had invested $2.5 million with Ms Caddick’s company Maliver and later the same month, was told by Ms Caddick she had made a profit of $300,000.

Dominique Ogilvie says she invested $2.5 million with Melissa Caddick.(AAP: Bianca De Marchi)

After developing a friendship with Ms Caddick, she had a chance meeting with another financial adviser, Jennifer Porter, in the waiting room of a Sydney dental clinic, and Ms Porter asked if her adviser was Melissa Caddick.

“She said, ‘I need to speak with you,'” Ms Ogilvie told the court.

“I sort of felt like she needed to tell me something … she alarmed me [that] something could be wrong.”

The court heard the two later met at Ms Ogilvie’s home, where she showed Ms Porter investment documents which included an Australian Financial Services Licence number.

“She said, ‘Yes, that’s my number, and she’s using it without my permission illegally,'” Ms Ogilvie said.

“I sort of gulped and was very anxious … I was confused. I didn’t know who to trust.”

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