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Reload this Page News, SEC charges missing money manager Nadel with fraud. (commission, investments, fund)
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Old 01-21-2009, 03:06 PM
 
Location: Michigan
29,214 posts, read 52,347,041 times
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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)
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Old 01-21-2009, 06:41 PM
 
Location: NC
1,672 posts, read 1,670,574 times
Reputation: 523
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!
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Old 01-21-2009, 07:22 PM
 
2,541 posts, read 10,911,676 times
Reputation: 984
CNBC show "American Greed" is gonna have plenty of material to keep it airing for the next three decades

whoohoo
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