Sydney businesswoman Melissa Caddick faked many documents in the ‘quite elaborate fraud’ she used to swindle trusting investors out of more than $23million, 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.

He is representing the corporate regulator, Australian Securities and Investments Commission, in a hearing related to trying to recover some of the millions said to have been misappropriated.

Melissa Caddick during a business meeting while she ran her ‘sham’ financial services company, Maliver, which she used to convince 72 clients to give her $30.2million to invest

A lack of credible witnesses and an absence of CCTV footage means the glamorous conwoman's disappearance may never be solved

A lack of credible witnesses and an absence of CCTV footage means the glamorous conwoman’s disappearance may never be solved

Caddick vanished the day after corporate watchdog ASIC raided her luxury $6.1million home in Dover Heights, Sydney, on November 11 last year. Pictured: the ASIC raid

Caddick vanished the day after corporate watchdog ASIC raided her luxury $6.1million home in Dover Heights,…

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