WARNING - DISTURBING CONTENT: New details have emerged about how a group of campers discovered the remains of missing millionaire Melissa Caddick.
On February 21, the group stumbled upon a running shoe containing human remains while walking along Bournda Beach, on the NSW south coast.
One of the campers picked up the shoe to to throw it out, only to find the foot still inside.
Using DNA from the accused con artist's toothbrush, forensics were able to confirm on Thursday that the decomposing foot belonged to Ms Caddick.
Images of the sneakers were obtained by 7News and show the ASICS sneaker on the sand, with the contents inside the shoe blurred out.
Camper John McLaren told The South Coast News he saw a group of young people, three men and a woman, direct police to the shoe on the Sunday.
He said the group didn't appear to be shaken. He followed the police to where a group of people gathered at the end of a walking track at the beach.
The remainder of Ms Caddick's body is yet to be located.
Melissa Caddick missing since November
Ms Caddick vanished the day after corporate watchdog ASIC executed a search warrant at her luxury Dover Heights home on November 11.
Liquidators allege the self-styled financial adviser "meticulously and systematically" deceived those who entrusted millions of investment dollars to her over seven years, then used the money to fund her lavish lifestyle.
On Friday, NSW Police Assistant Commissioner Mick Willing told reporters foul play has not been ruled out, though suicide is more likely.
"Given the circumstances of the disappearance (and) the fact that she left personal belongings behind, we've always considered the possibility that she might have taken her own life," Mr Willing said.
Modelling by NSW Police marine rescue teams, taking tides and drift patterns into account, has explored the possibility that Ms Caddick entered the water in the Dover Heights area around November 12.
The modelling deemed it possible that her body could have drifted to Bournda.
The shoe found at the beach was the running shoe Ms Caddick was last seen wearing during to ASIC raid.
Mr Willing said the foot had "obviously" been in the water for "some time", and the remains will help investigators determine when Ms Caddick died.
Investigations are still ongoing.
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