Melissa Caddick could still be alive despite her decomposing foot being found inside a shoe, but experts say any other remains found to be linked to the fraudster are likely to confirm otherwise.
Police were called to Mollymook Beach on the NSW South Coast about 9.30pm on Friday night after walkers found more human remains - 150km away from where her foot was found.
The group came across a large piece of stomach flesh which included a belly button, police sources told The Saturday Telegraph.
DNA testing will be carried out to see if the new remains belong to the conwoman who vanished from her home in Sydney's eastern suburbs a day after it was raided by the Australian Securities and Investments Commission on November 11.
Speaking on The Today Show, Associate Professor of Criminology, Dr Xanthe Mallett, said because humans can survive without a foot there was a possibility that Ms Caddick could still be alive.Insurance Loans Mortgage Attorney Credit Lawyer
Police suspect the fraudster is dead but Dr Mallett says until the latest remains found are confirmed to be from Ms Caddick, the idea of her being alive couldn't be ruled out.
Human remains including what appeared to be stomach flesh and a belly button have washed ashore on a beach 150km away from where missing Sydney conwoman Melissa Caddick's (pictured) foot was found
The decomposed foot of Melissa Caddick pictured in the shoe found by campers on the NSW South Coast on Sunday
Police were called to Mollymook Beach at about 9.30pm on Friday night and will conduct DNA testing to see if the remains belong to Melissa Caddick (pictured right with her husband Anthony on the left)
Speaking to The Today Show, Associate Professor of Criminology, Dr Xanthe Mallett, said because humans can survive without a foot there was the possibility that Ms Caddick could still be alive
'When it was just a foot I would caution against the possibility that somebody is deceased. You can survive without your foot,' she said.Insurance Loans Mortgage Attorney Credit Lawyer
'Now other remains have been found that changes the picture this morning. If they are confirmed to be Melissa's, depending on exactly what remains have been recovered, it certainly looks like she is deceased at this stage.
'We have to wait until more information, if anything else, is found. A foot I would be skeptical.'
Detectives say they are now honing in on two theories and believe Ms Caddick, 49, may have committed suicide or was met with foul play.
Police suspect the fraudster took her own life, because she could have reached the Dover Heights clifftops - 300m from her $6.1million home - without being tracked by CCTV cameras.
On Sunday, campers found her rotting foot inside an ASICS Gel Nimbus shoe 50km north of the Bournda National Park.
The group of three teenage campers were near Tathra on Sunday when one of them found the shoe washed ashore.
When he turned the shoe upside down as he went to throw it out, he discovered there were human remains inside.
Officers have not yet been able to confirm how long the shoe had been in the water.
Police later used footage from the raid of her home - which had featured vision of her feet - to help identify her as the shoe's owner.
Caddick has been missing for more than three months with police now suspecting she may be dead
They have said it is likely Caddick took her own life after her home was raided by the Australian Securities and Investments Commission on November 11, 2020. Pictured: Map shows the distance between where Caddick's foot was found,where she was last seen and Friday night's latest discovery
The 49-year-old was accused of swindling at least $20million from clients, including friends and family, before disappearing on November 12.
Days after she was reported missing, NSW Police used modelling to determine where her body might wash up if she had died in the water near her Dover Heights home.
The modelling deemed it possible that her body could have drifted as far south as Bermagui, about one hour north of Bournda.