Missing Sydney millionaire Melissa Caddick found dead

·News Editor
·3-min read

A Sydney businesswoman who disappeared after she was accused of stealing millions of dollars has been confirmed dead, after her decomposed foot washed up on a beach 450km away.

Melissa Caddick, 49, was last seen at her $7 million Dover Heights home, in the city's east, during the early morning hours of November 12.

Her husband, Anthony Koletti, said she left home for a jog without her mobile phone, wallet or keys while he was sleeping.

Her remains were discovered washed up on the shoreline at Bournda Beach, near Tarthra on the NSW south coast on Sunday after there were theories she staged her own disappearance.

NSW Police Assistant Commissioner Michael Willing told reporters on Friday a shoe was located by campers on Sunday that contained the human remains of a foot.

Melissa Caddick pictured sitting on a rug with a dog.
Melissa Caddick went missing in November. Source: NSW Police

In the days before Ms Caddick was last seen, the Australian Federal Police raided her home, froze her 17 bank accounts and banned her from leaving the country after she allegedly deceived investors who handed millions of dollars to her over seven years.

Ms Caddick allegedly used that money to fund her extravagant lifestyle.

"That foot and the shoe matched the size and description of a shoe that Melissa Caddick was seen wearing during the execution of the ASIC search warrant," Assistant Commissioner Willing said.

"It's ironic part of that search warrant footage included footage of her feet and the shoe that she was wearing.

"The shoe that was found down south of Tarthra was the same type and size, so obviously we were hanging and waiting for the results of DNA comparisons."

The remains of Melissa Caddick were found at Bournda Beach. Source: Getty
The remains of Melissa Caddick were found at Bournda Beach. Source: Getty

Police used the human foot to match DNA from a sample taken from Ms Caddick's toothbrush and determined the remains belonged to the businesswoman on Thursday night.

While investigations into what happened continue, Assistant Commissioner Willing said the Marine Area Command reported it was possible an object that entered the water at Dover Heights when she went missing could drift as far as Bermagui.

Police said they would not rule out foul play but have always considered the possibility she may have taken her own life.

Melissa Caddick 'meticulously' deceived investors

Court-appointed liquidators allege she "meticulously and systematically" deceived investors who entrusted her with their money.

The liquidators said on Wednesday they were unable to find a single example of a legitimate investment in the name of the investor.

Instead, Ms Caddick mixed "many, many millions" of investors' funds in company bank accounts and her own personal accounts.

The 49-year-old then used the money to fund an "extravagant lifestyle" and property purchases, according to provisional liquidator Bruce Gleeson.

Melissa Caddick was last seen at her $7 million Dover Heights home during the early morning hours of November 12. Source: Facebook
Melissa Caddick was last seen at her $7 million Dover Heights home during the early morning hours of November 12. Source: Facebook

She provided investors with hundreds of documents on Commonwealth Bank and CommSec letterheads that suggested their investments were doing well.

But really the account numbers on the documents either did not exist or were not associated with the actual investor.

Investors were deceived from the very start, as her company Maliver Pty Ltd did not hold a financial services licence as claimed.

With AAP

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