Tuesday, January 27, 2009

FBI arrests fund manager Arthur Nadel in Florida

Reuters

FLORIDA-based fund manager Arthur Nadel, whose family reported him missing in early January, was arrested today by FBI agents in Tampa, a spokeswoman for the FBI said.
New York FBI spokeswoman Monica McLean said Mr Nadel - head of Scoop Management, overseeing six hedge funds valued at more than $300 million - would make an initial appearance in a federal court in Florida, but he would be charged in a criminal complaint in Manhattan's Southern District of New York.

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