My comment: It seems that cooperation from citizenry was crucial to hunt this suspected dangerous criminal. An unnamed peasant from the village called police as soon as he suspected that he was an American economist. "I heard him whispering to the waiter that he has information about some stocks, then I suspected and I did my duty as a good citizen", told that peasant to the reporter. She, the waiter, told police that this suspected criminal offered her some CDOs and tried to convince her to invest in stock markets against her will.
(my comment is just a joke, I ignore whether it is based on real facts or not). http://www.bloomberg.com/apps/news?pid=20601087&sid=assdtQhN0Czk&refer=home Jan. 27 (Bloomberg) -- Arthur Nadel, the Florida hedge-fund adviser who disappeared 13 days ago, was arrested and charged with defrauding investors of tens of millions of dollars. Nadel, 76, surrendered to the Federal Bureau of Investigation today in Tampa, Florida, Monica McLean, an agency spokeswoman, said. U.S. regulators last week accused him of defrauding clients while overstating six funds’ investments by $300 million. The fraud may have been uncovered because of the unrelated arrest on Dec. 11 of fund manager Bernard Madoff for duping investors out of $50 billion, the FBI said in a criminal complaint. After years of rebuffing requests from an unnamed partner for an independent audit of his funds, Nadel agreed to one on Jan. 8, FBI agent Kevin Riordan said in a criminal complaint. Nadel fled six days later after telling his wife how to survive financially without him, Riordan said. “The avenues to money for you will likely be blocked soon,” Nadel wrote to his wife in a note that employees found Jan. 15 in a shredding machine, according to the complaint. “Withdraw as much cash as you can,” he said, adding that he would send further instructions. “Sell the Subaru if you need money,” the FBI quoted him as writing. August Transfer Beginning in August, Nadel transferred at least $1.25 million from two funds to a secret bank account, prosecutors said. His funds’ total assets are now less than $1 million, the Securities and Exchange Commission said Jan. 21 in a civil fraud lawsuit. Nadel told his partner that he graduated from New York University School of Law and was later disbarred, according to the complaint. He told investors that he had provided 20 percent returns from 1999 to 2007, it says. The FBI cited five unnamed victims who lost money. Two invested a combined $28.6 million in Nadel’s funds, the agency said. Nadel told one of them, who sought to withdraw funds, that there was more than $200 million in the victim’s account and the money would be available by March, Riordan said in the complaint. Nadel is to appear in court in Tampa later today. His lawyer, Todd Foster, didn’t immediately return a call. The SEC case is Securities and Exchange Commission v. Nadel, 09- cv-00087, U.S. District Court, Middle District of Florida (Tampa). The criminal case is U.S.A. v. Nadel, 09-mag-169, U.S. District Court, Southern District of New York (Manhattan). --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
