Melissa Caddick remains found on NSW beach

Carla Harmon
February 27, 2021

Caddick vanished from her Dover Heights home in Sydney's eastern suburbs on November 12 a year ago and has not been seen since.

The speculation ended when her foot was found washed up on a remote beach.

As speculation was rife around what happened to Ms Caddick and whether or not she staged her own disappearance, police confirmed a shoe containing her decomposed foot was found by campers on a beach near Bermagui on the NSW South Coast.

However, on Monday the Federal Court heard liquidators had found just $5600 in the 49-year-old's bank accounts, described as a "significant shortfall" between the millions investigators allege Ms Caddick owes her investors.

Police are now conducting further searchers around the area to try and locate any more of Ms Caddick's remains.

NSW Police's Assistant Commissioner Mick Willing yesterday said modelling of drifts and waves showed it was possible that Ms Caddick entered the water in Sydney before her body was carried south.

Melissa Caddick was last seen on November 12 previous year, when she left home at 5.30am for what her husband believed was a morning run. "We have kept an open mind, however given the circumstances of her disappearance. we have always considered the possibility that she may have taken her own life". All of her personal belongings had been left behind.

Mr Willing said there had been no sightings of Ms Caddick near where her remains had been found.

"There will be extensive investigations that will be ongoing".

It's alleged she used the cash to fund her lavish lifestyle, which featured luxury ski trips and designer jewellery.

Hours later, at 5.30am on November 12, she slipped out of her family's home and was never seen again.

Ms Caddick provided investors with hundreds of documents on Commonwealth Bank and CommSec letterheads suggesting their investments were doing well.

There is no suggestion Koletti, Caddick's teenage son or anyone else in her family had any knowledge or involvement in Caddick's alleged fraud.

A few days later, Caddick went for a pre-dawn run at her Dover Heights home but did not taker her phone, wallet or keys with her.

She then used the money to fund an "extravagant lifestyle" and property purchases, according to provisional liquidator Bruce Gleeson.

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

Over the years, no red flags with Caddick or her business were ever raised.

The Australian Federal Police (AFP) raided her home as part of an ASIC investigation the day before she disappeared.

Ms Caddick is accused of swindling investors out of millions of dollars.

Other reports by iNewsToday