Saturday, January 17, 2009

Florida Money Manager Goes Missing; Leaves Note That Suggesting He Defrauded Investors $350 Million

Arthur G. Nadel, 75, of Sarasota, Florida and a prominent money manager and philanthropist, was reported missing earlier this week by his wife amid a police investigation of complaints from at least five clients that their money is missing. Nadel reportedly left what is described as a "suicide note" suggesting that as much as $350 million could be gone. Nadel was the manager for funds called Valhalla, Viking, and Scoop. Nadel's wife has filed a missing person report with police. The investigation is ongoing.

Read the story here, here and here.


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