The 49-year-old Sydneysider is alleged to have stolen about $25million from investors in a pyramid scheme before vanishing without a trace from her Dover Heights mansion one day after fraud investigators raided her home in November.
Her disappearance has been shrouded in mystery but NSW Police are growing more certain the alleged conwoman is still alive and on the run.
In the past week former colleagues claimed to police she went on a shredding spree after learning she was under investigation by the Australian Securities and Investments Commission, reports say.
It is understood police are preparing to open a criminal investigation alongside the missing persons probe, and even add her to NSW's most wanted list.