Melissa Caddick convinced 72 investors to hand over $23m to ‘sham’ business, court told

Federal court hears Sydney woman, whose decomposing foot washed up on remote NSW beach, had 37 bank accounts

Sydney businesswoman Melissa Caddick faked many documents in the quite elaborate fraud" she used to swindle trusting investors out of more than $23m, a judge has been told.

She operated 37 bank accounts, sent investors fictitious portfolio evaluations and kept meticulous" records, Farid Assad SC said in the federal court on Tuesday.