West Palm Beach, FL (JusticeNewsFlash.com)–Breaking News: Arthur Nadel surrendered to authorities this past week and was denied bail by a U.S. court judge on Friday. Nadel disappeared on January 14, 2009 amidst accusations of securities fraud and wire fraud charges from U.S. Federal regulators.
Apparently, the 76 year-old hedge fund manager stole from investors. Nadel whose Sarasota, Florida based investment funds contained less than $1 million when he valued the funds at $300 million to his investors. This is another blow to investors throughout a state still clamoring from the Madoff Ponzi scheme and the recent Theodule Ponzi scheme scandals.
Top news by JusticeNewsFlash.com for wronged investors from West Palm Beach securities fraud lawyers.
Gary Roberts & Associates, P.A.
1675 Palm Beach Lakes Blvd. – Seventh Floor
West Palm Beach, FL, 33401 Phone : 561-686-1800 Fax : 561-686-1533