Arthur Nadel

Less than a month after the death of the man who defrauded them of their money, Arthur Nadel's victims are finally set to get their first payouts. read moreRead Full Story

Mail Online – Arthur Nadel, a former Florida fund manager dubbed a “mini-Madoff” for defrauding investors out of $168 million, has died in prison at the age of 80, a spokesman for the Federal Bureau of Prisons said on Tuesday. Although the cause of death has not been given, Nadel was already in poor health [...] For the Full Post: Hedge Fund News From HedgeCo.NetRead Full Story

Mail Online – Arthur Nadel, a former Florida fund manager dubbed a “mini-Madoff” for defrauding investors out of $168 million, has died in prison at the age of 80, a spokesman for the Federal Bureau of Prisons said on Tuesday. Although the cause of death has not been given, Nadel was already in poor health [...]Read Full Story

New York (HedgeCo.net) – Florida hedge fund manager Arthur Nadel was sentenced to 14 years at the same prison where Bernie Madoff is serving his 150 year sentence. Nadel’s lawyer argued for five years because of his client’s heart condition, while the prosecution pushed for 20 to 25 years. The Judge settledvon 14 years, ordering the hedge fund manager to surrenderer his five planes, a helicopter and more than $160 million in restitution. The “Mini-Madoff” is accused of cheating investors of...Read Full Story

A Florida hedge fund manager who disappeared while investigators closed in on him has pleaded not guilty to fraud.Defense lawyer Mark Gombiner (GAHM'-beye-nur) told a federal judge in Manhattan on Thursday that Arthur Nadel cannot make his $5 million bail.Gombiner says the health of the 76-year-old Sarasota man is one issue warranting a bail reduction.Nadel pleaded not guilty to securities, mail and wire fraud. The charges carry as many as 280 years in prison.The government says Nadel...Read Full Story

NEW YORK (Reuters) - A U.S. judge set a $5 million bond, house detention and other conditions of bail on Wednesday for accused hedge fund manager Arthur Nadel, who authorities say was on the run for two weeks in January before the FBI arrested him. Nadel's lawyer indicated that his client will not be able to meet the conditions of release set by Judge Denise Cote at a hearing in U.S. District Court in Manhattan. The judge noted that tens of millions of dollars were still unaccounted for in...Read Full Story

A Florida hedge fund manager who worried he'd be labeled a "mini-Madoff" after cheating investors of $168 million has been sentenced to 14 years in prison after pleading guilty to securities fraud.Federal Judge John Koeltl in New York sentenced 78-year-old Arthur Nadel on Thursday. Earlier this year, he apologized for his conduct as he pleaded guilty.Nadel has remained in a federal jail since his arrest in early 2009. The Sarasota, Fla., man went on a two-week, cross-country trip before he...Read Full Story

A federal judge has denied Florida hedge fund manager Arthur Nadel's request for a hearing to consider releasing some of his frozen assets to pay attorney fees.In a motion filed last week, Nadel's attorney said the 76-year-old Sarasota man can't pay his firm to represent him for the entire case. Nadel has been charged with securities fraud and is currently incarcerated in New York on $5 million bail. He's accused of bilking as much as $350 million from investors.Prosecutors say Nadel...Read Full Story

NEW YORK (Reuters) - Arthur Nadel, a former Florida fund manager dubbed a "mini-Madoff" for defrauding investors out of $168 million, has died in prison at the age of 80, a spokeswoman for the Federal Bureau of Prisons said on Tuesday.Read Full Story