The alleged Sydney fraudster Melissa Caddick has been found dead, but the New South Wales Coroner says it is impossible to determine how or where she passed away.

The 49-year-old hadn’t been seen since November 2020, just after the Australian Securities and Investments Commission (ASIC), a corporate watchdog, raided her Dover Heights home in Sydney’s east.

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Investors reportedly lost between $20 and $30 million in an alleged Ponzi scheme run by Caddick, which ASIC had been looking into. Authorities believed she had stolen more than $23 million when her home was raided.

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A decomposing foot that washed up on a NSW South Coast beach three months after Caddick vanished was recognized as belonging to her through DNA testing, but an autopsy was unable to ascertain the cause of death.

The New South Wales deputy state coroner, Elizabeth Ryan, said “I have concluded that Melissa Caddick is deceased. However, a more problematic issues is whether the evidence is sufficient to enable a positive finding of how she died and how and when it happened.”

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When determining whether her body first entered the water at cliffs close to her home, oceanographers testified at an inquest that lasted several weeks.

Magistrate Ryan stated that it was “certainly possible” for Caddick to have committed suicide in that way, but he was unable to draw any further conclusions. There have been no confirmed sightings of Caddick or CCTV images of her in any coastal area, according to Magistrate Ryan, and the medical evidence supporting a fall from a height is “neutral.”