Saturday, 17 January 2009

Florida fund manager 'missing'

I have a very bad feeling about this story; a fund manager goes missing, and there might a problem accounting for investor's money....

An American fund manager responsible for millions of dollars of investors' money has been reported missing by his wife in Florida. Police said they were searching for Arthur Nadel, 75, and investigating his investment company in Sarasota after clients complained of missing funds. Police described it as "a very significant amount of money".

(from the BBC)


Eric Dondero said...

Like Madoff, turns out he's a big Democrat fundraiser.

Helped Jimmy Carter's Habitat for Humanity.

Allegations that he funnelled the investment funds into Democrat causes.

Anonymous said...

It's odd that we haven't yet had a big embezzlement scandal. Unless that's why Lord Mortgagefraud was made Minister for Monkey Business.