Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-21-2009, 03:06 PM
 
Location: Michigan
29,391 posts, read 55,591,550 times
Reputation: 22044

Advertisements

WASHINGTON – Federal regulators on Wednesday charged a missing hedge fund manager with fraud, saying he misled investors and overstated the value of investments in the six funds by about $300 million.

The Securities and Exchange Commission won a court order freezing the assets of Arthur G. Nadel, of Sarasota, Fla., and other defendants in the case.

SEC charges missing money manager Nadel with fraud - Yahoo! News (http://news.yahoo.com/s/ap/20090121/ap_on_bi_ge/missing_money_manager - broken link)
Reply With Quote Quick reply to this message

 
Old 01-21-2009, 06:41 PM
 
Location: NC
1,672 posts, read 1,771,362 times
Reputation: 524
He won't be the last. Just read some guy in Texas was running a "minor", if you could call it minor, ponzi scheme and was charged.

American greed!
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 07:22 PM
 
2,541 posts, read 11,334,779 times
Reputation: 988
CNBC show "American Greed" is gonna have plenty of material to keep it airing for the next three decades

whoohoo
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6. The time now is 07:31 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top