Posted on 01/18/2009 6:19:17 AM PST by keving
Police find car of missing Sarasota hedge fund manager By Times staff, wire reports In Print: Sunday, January 18, 2009
-------------------------------------------------------------------------------- Story Tools E-mail this story Contact the editor Print this story Comment on this story Social Bookmarking Digg Facebook Stumbleupon Reddit Del.icio.us Newsvine
ADVERTISEMENT
Latest News
Rhesus monkey on the loose in Clearwater Fifth in same family retrieves Epiphany cross Suspects at large after St. Pete standoff Raw video - SWAT standoff in St. Pete Fifth in same family retrieves Epiphany cross Fifth in same family retrieves Epiphany cross Epiphany service at St. Nicholas Greek Orthodox Cathedral Protest of Gaza invasion in St. Pete Fisherman saved from sinking boat 3 shot in St. Pete, 1 killed Man hospitalized after jump from burning condo Local protest of attacks in Gaza Public service announcement - firearm and fireworks safety Game Stop robbed with sawed-off shotgun St. Pete domestic dispute ends in arson Two fatalities in Pasco crash Teen shot in the finger at McDonald's Gulfport food mart shooting 2 hurt in food mart shooting Do you know this armed robber? Murder suspect makes first appearance Linda Bollea gets in fender bender Staff Sgt. Jose Pequeno returns home Ahmed Mohamed's detonator video Teen killed in Pinellas Park home invasion FBI demonstration of wireless bomb detonator Tampa police search for 'polite' robber Second store shooting in St. Petersburg 2nd store owner shot in St. Pete Wood shelters at Pinellas Hope SARASOTA — Police found the car of a missing investment fund manager at the airport this week, authorities confirmed Saturday.
Arthur G. Nadel, 75, and $350-million of investor money were believed to have vanished this week after Nadel's family reported him missing. Managers of the fund have told investors that the money is gone, the Sarasota Herald-Tribune reported.
Police at the Sarasota-Bradenton Airport found his light green Subaru on Thursday, the Herald-Tribune reported on its Web site Saturday.
Local authorities were working with the Securities and Exchange Commission and the FBI in the ongoing fraud investigation.
Investigators were interviewing investors and looking into claims that Arthur G. Nadel stole from them, said Sarasota police Capt. Bill Spitler.
It was too soon to say how much was invested, but there were reports the hedge fund could be out $350-million. Investors had last heard that their money earned more than 8 percent as of November, despite market losses in a historic economic downturn.
"The victims that I know of, I know some of them personally, they have no reason to lie," Spitler said.
Nadel, who operated under the name Scoop Management in Sarasota, was last heard from on Wednesday.
That morning, his wife, Peg Nadel, saw him getting ready for work, Sarasota Lt. Chuck Lesaltato told the Herald-Tribune.
About 1:20 p.m., Nadel called stepson Geoff Quisenberry and told him to go home and read the note he left. After doing so, his family reported him missing.
"It was enough to alarm the family and to show that Mr. Nadel was distraught," Lesaltato said of the note, adding that investigators are concerned about his welfare.
The missing persons report lists his disappearance as a possible suicide, but Lesaltato was reluctant to describe the letter as a suicide note.
Quisenberry said Saturday that the family is not yet ready to comment. "We love him. We miss him. We hope that he is safe, and we hope that he comes home," Quisenberry said.
Art Nadel's ex-wife, Virginia Hoffman, a Sarasota artist, said she ran into her ex-husband six weeks ago. She said she immediately knew something was amiss.
"I knew something had to be going on," Hoffman said. "I think things must have been coming down around his head, and he was holding on for dear life."
The couple divorced in 1991 after four years of marriage, though she said they had seen each other for a decade before marrying.
"My husband had a history in Sarasota that wasn't a secret," Hoffman said of Nadel. "Many here knew about his past business deals which had gone sour. Yet, folks still trusted him with their money. Why?"
Times staff writer William R. Levesque contributed to this report.
The monkey was doing quite well as a hedge fund manager until the price of oil crashed - he didn’t expect that!
That's a bad investment right there. That would have been my first tip not to deal with the guy.
Hey..any of you guys out there remember Barry Marlin?
I guess he forgot the “hedge” part of being a hedge fund manager. Whups.
The Goverment has the Ponzi Scheme
we how have taxation without representation
http://video.google.com/videoplay?docid=1590858026591557284
This government is just plain evil.
They take 40-50% of people’s income and their families have to do without.
Give you an example, when you buy a loaf of bread at the store, it’s been taxed over a hundred times.
Then the social security comes out of my check which is 8%. My company pays the other 8%.
If the government would have let me kept my money, I could have invested it at 4-5% a year, I would have over a million dollars.
What does the government do with all that money that people don’t collect? Like my sister, that worked all of her life and never collected one social security check.
She died at 55 with no children
America Newspapers and Media are all part of the propaganda machine. If you watch the tv media closely, all they do is read from the teleprotor machine. It’s all controlled; even the voting machines. Hitler couldn’t do a better job with the technology they have today.
http://video.google.com/videosearch?q=why+we+fight&hl=en&emb=0&aq=f#
“Barry Marlin?”
No. Don C, are you hinting that Barry is sleeping with the fishes?
Scattering like roaches.
Nice job of cut and paste.
"Maybe I'll appoint him to run the Social Security Administration."
LOL!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
