Missing millionaire con’s remains found
The remains of missing Sydney millionaire and alleged fraudster Melissa Caddick have been found following a bombshell development in the months-long case.
Police said campers found Ms Caddick's shoe on Bournda Beach, south of Bega on the NSW south coast, on Sunday and her identity was confirmed by DNA testing using her toothbrush.
Her shoe, matching the description of what she was wearing when the corporate watchdog raided her home in November, was found washed up on the sand and the heavily decomposed remains of her foot were inside.
NSW Police assistant commissioner Michael Willing said the case is still wide open.
Police will not completely rule out foul play despite the more likely possibility Ms Caddick may have taken her own life.
"We've been keeping an open mind all along … but given the fact she left personal belongings (behind) we've always considered the possibility she may have taken her own life," he told reporters on Friday.
Detectives will now conduct more searches around the area where the foot was located in a bid to find the rest of Ms Caddick's remains.
The businesswoman vanished from her $7m Dover Heights mansion in Sydney's eastern suburbs in November last year just two days after Australian Federal Police and ASIC searched the property.
She was forced to hand over her passports and had her bank accounts frozen.
Detectives believe her body could have entered the water at Dover Heights and travelled as far as the south coast.
Investigations have not been able to determine when she entered the water, but her foot was found dry and decompressed.
There had been no sightings reported of her since she disappeared.
Police used modelling software to examine coastal patterns and determined an "object that entered the water around the Dover Heights area on November 11 could drift down as far as Bermagui".
Ms Caddick's family were given the tragic news on Thursday night.
"They're obviously distressed," assistant commissioner Willing said.
The ASIC investigation will remain ongoing, assistant commissioner Willing confirmed, stating investors are still being interviewed.
Ms Caddick is accused of swindling clients, including friends and family, out of millions of dollars through her finance business Maliver Pty Ltd.
It's alleged she used the cash to fund her lavish lifestyle, which featured luxury ski trips and designer jewellery.
Ms Caddick left to go for a run on the morning of November 12 and hadn't been seen since.
Her 15-year-old son told police he heard the front door close about 5.30am.
Investigators had combed through hours of CCTV footage but were yet to find any sign of the Sydney mother.
Earlier in the week the provisional liquidators sifting through Ms Caddick's affairs revealed the alleged tangled web of lies and fake documents they believe she used to dupe investors before vanishing into thin air.
Bruce Gleeson and Daniel Soire, of Jones Partners, were appointed as provisional liquidators of Maliver and as receivers of her property in December.
While addressing the media on Wednesday, Mr Gleeson said there was little doubt Ms Caddick had used investor funds to live an extravagant lifestyle, including splashing out on property.
"The way that she continually represented to investors that their investments were safe, that their investments were increasing in value," he alleged.
"All the investors believed that all was going well. But obviously nothing could be further from the truth."
On Monday the Federal Court heard there was a "significant shortfall" between the millions investigators allege Ms Caddick owes devastated investors and the value of her own luxury assets.
The court was told on Monday liquidators had found just $5600 in the 49-year-old's bank accounts as the investigation by the Australian Securities and Investments Commission into her company Maliver continued.
ASIC's barrister Stephanie Fendekian said there was still one further $1700 payment to be made for Ms Caddick's son and DJ husband Anthony Koletti's court-ordered living expenses.
Neither Ms Caddick's son nor Mr Koletti are accused of any wrongdoing in relation to the ASIC investigation or her disappearance.
In December, the court heard the financial planner was allegedly operating her company without a license as it drained a combined $13.1 million of investors' cash, with many not seeing a return.
Originally published as Missing millionaire con's remains found