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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Art Nadel

Art Nadel stories: 2 news summaries

SEC Charges 'Mini-Madoff' With Fraud

Fugitive fund manager remains on the run as cops follow trail to La.

Jan 22, 09 9:55 AM CST
(Newser) - A Florida hedge fund manager who's been on the run for more than a week will find federal fraud charges waiting for him if and when he resurfaces, Reuters reports. Arthur Nadel transferred more than $1 million of clients' money into secret accounts before disappearing, the SEC alleges in a... More »

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New Orleans • hedge fund • fugitive • Ponzi scheme • securities fraud • defrauding investors • Art Nadel

 Florida 'Mini-Madoff' 
 Missing With $350M 

Police searching for fund manager after clients complain of missing millions

Jan 17, 09 7:48 AM CST
(Newser) - A Florida hedge fund manager is missing along with hundreds of millions of dollars of his clients' money, the Sarasota Herald-Tribune reports. Art Nadel, 75, was reported missing Wednesday after his wife found a suicide note. Stunned investors have been told that Nadel's funds, thought to have totaled $350 million,... More »

MORE ABOUT:
Florida • hedge fund • investment • money management • Ponzi scheme • missing person • securities fraud • Art Nadel • recession depression

2 Stories


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