Breaking News Today

Missing Sydney woman linked to alleged multi-million-dollar fraud ‘alive’

Published: (Updated: ) in Australian News by .

NSW Police appear optimistic they can track down and find a missing Sydney businesswoman suspected of stealing millions of dollars from investment clients.

NSW Police remain optimistic they can track down a missing Sydney businesswoman suspected of allegedly stealing "tens of millions" of dollars from potentially hundreds of investment clients.

Melissa Caddick, a 49-year-old mother, mysteriously vanished from her $6.2 million mansion in Dover Heights in Sydney's Eastern Suburbs on November 12, and has not been seen since.

Speaking to Ben Fordham on 2GB, NSW Police Commissioner said detectives working the case believe she is alive and are poring over digital evidence for clues that will lead to her whereabouts.

"We are turning the case [as if] she still is alive," Mr Fuller said.

"It is very difficult to go missing [in 2021] and not be found given the electronic footprint that we all leave behind."

Detectives were combing CCTV footage, investigating computer software in her vehicle, door-knocking and analysing other evidence to find her.

https://omny.fm/shows/ben-fordham-full-show/police-commissioner-expects-restrictions-to-remain/embed?style=cover

Mr Fuller said the Australian Security Investment Commission (ASIC) was also running an investigation into a potential fraud of superannuation investments "in the millions, perhaps tens of millions of dollars."

"There are potentially hundreds and hundreds of victims out there," Mr Fuller said.

"And of course her family members ... want answers."

READ MORE: Missing Sydney woman allegedly misused $13m of clients' money to fund lavish lifestyle

As reported by 9News last month, the Federal Court of Australia heard investors had allegedly handed over more than $13 million to Ms Caddick in the lead up to her disappearance.

Ms Caddick disappeared on November 12 after Australian Federal Police (AFP) raided her Dover Heights home as part of an ASIC investigation.

READ:  Coronavirus Is Shutting Schools Down. Here's What Parents Need To Know.

ASIC has identified as many as 61 potential victims.

She allegedly used clients' money to fund her lavish lifestyle instead of investing their savings.

Tendered court documents reveal in the lead up to her disappearance Ms Caddick used her credit cards to spend $250,000 at Dior; $60,000 at Chanel and more than $230,000 at Canturi Jewellers.

Security cameras in her house failed to capture her leaving as the hard drive had been seized three days earlier by federal agents in a raid on the property on behalf of ASIC.

All of Ms Caddick's assets and accounts have been frozen under a court order.

READ MORE: Police quash suggestions of murder investigation over Melissa Caddick

A court has allowed Ms Caddick's husband and 15-year-old son to access $800 a week for "reasonable living expenses".

Her disappearance is being treated as a missing person, but police say they are still open to all possibilities including she may have harmed herself or gone into hiding.

Source: 9News https://www.9news.com.au/national/melissa-caddick-still-alive-police-hopeful-of-tracking-dover-heights-mother-down/33f5e3c0-dd19-42b0-92de-f50735d62a3f

Shares
Share This
Finance Advice 2021