The hunt for fund manager Nadel is on
Arthur Nadel is now a fugitive. Until the Securities and Exchange Commission sued Nadel, of Scoop Management, alleging that he misled investors and inflated his funds, he was merely a missing man. Like Samuel Israel, Nadel left behind a suicide note. But no one believed it. Instead, law enforcement officials have tracked him to the New Orleans area, according to FINalternatives.
So the hunt is on. We'll see if he can outdo Israel when it comes to evading the law. The SEC charges Nadel overstated the value of his funds by $300 million. He was alleged to have transferred $1.25 million to himself.
For more:
- here's the article
Related Articles:
Hang on, yet another fund scandal
Bernard Madoff news from FierceFinance




Comments