More human remains wash up on NSW coast

Melissa Caddick: Missing fraud suspect's foot found on Australian beach

Prior to her disappearance on November 2, 2020, Caddick's home was raided by investigators from the Australian Securities and Investment Commission (ASIC).

Her decomposed foot was found in the water near Tathra on February 21, police revealed on Friday.

NSW Police later confirmed the human remains located on Bournda Beach belonged to missing Sydney woman Melissa Caddick, who disappeared past year.

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 gruesome discovery comes a day after DNA testing confirmed a decomposing foot encased an ASICS shoe that washed up near Bermagui, 150km further south, belonged to the missing mother.

"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", he said.

On Friday morning Police confirmed that the foot was a DNA match for Caddick.

Ms Caddick is alleged to have tricked investors using false bank statements, share contracts and share trading statements using trading company CommSec and the Commonwealth Bank letterhead.

Melissa Caddick in body cam footage the day before she vanished previous year.

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

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Jones Partners have since discovered she used an estimated $25 million from around 60 investors - some of whom were her friends - to buy real estate including a penthouse in Edgecliff, a ski lodge in Aspen and to purchase lavish designer clothing and fund expensive overseas trips.

She had been missing since November 12.

Leaked documents, obtained by earlier this month, detail exactly how investors were duped into giving their hard-earned money to Caddick.

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.

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.

Ms Caddick had been missing for more than three months.

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.

In nearly all cases of those who chose to invest, their relationship with Caddick or a family member had spanned for more than 20 years.

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

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