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Wednesday, January 28, 2009

Alleged $300 Million Fraudster Surrenders in Madoff-Style Scheme

By RICHARD ESPOSITO

Photo: Hedge Fund Fraud Unravels After Madoff: $300 million fraudster surrenders; Senate told Ponzi schemes are Senate Told Ponzi Schemes are "Increasing" Across States

Arthur Nadel, who has been on the lam since Jan. 16 when he threatened to kill himself and vanished, surrendered to Florida authorities today in an alleged $300 million investor fraud case. Nadel, 76, now faces criminal charges in New York City, where a complaint against the fund manager was unsealed today. Read more...

Posted by at 12:13 PM
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