Scotland Yard said a woman's body was found in a garage in Lime Court, New Malden, south west London, last night.
Concerns for Miss Waugh's safety grew after a fraudster tried to sell her central London flat by posing as her brother.
A man arrested in connection with the murder of Carole Waugh from Durham is charged with fraud.
Detectives searching for missing oil executive Carole Waugh have found her body in a car at a lock-up garage in London.
Detectives searching for Carole Waugh have found a body. The 50-year-old, originally from Durham, has not been seen since April