U.S. charges missing Florida fund manager with fraud (Reuters)

Posted by admin on January 22, 2009 under News | Be the First to Comment

U.S. charges missing Florida fund manager with fraud (Reuters)

The home of Arthur Nadel, president of Scoop Management Inc, is seen in Sarasota, Florida, January 20, 2008. Florida investment manager Nadel, who disappeared with what could be hundreds of millions of dollars of other people's money remained missing on Sunday, as the investigation into his dealings widened. (Steve Nesius/Reuters)Reuters – The U.S. Securities and Exchange Commission charged missing Florida money manager Arthur Nadel with fraud on Wednesday and accused him of recently transferring more than $1 million to secret accounts he held.


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