Florida police are searching for a prominent Sarasota-based money manager and philanthropist whose hedge fund suddenly lost hundreds of millions of dollars.
75-year old Arthur Nadel disappeared on Jan. 14, leaving only a suicide behind. The last contact anyone had with Nadel was his son, Geoff Quisenberry, whom he called before disappearing. No body has been found. His wife promptly filed a missing persons report with police.
Nadel was president of Scoop Management Inc., which oversees various funds including oversees Valhalla Investment Partners LP. and another called Viking Management. Despite the Wall Street crash of last year, investors such as the YMCA of Sarasota were told they earned as much as 8 percent in November.
Neil Moody, president of Viking Management, confirmed Thursday the funds appear depleted. “Unfortunately, just yesterday afternoon we became aware of an extremely serious situation suggesting that the funds may have virtually no remaining value,” he wrote.
“I feel abused. I feel beaten. I don’t know who to believe,” said Dr. Brad Lerner, who expects to lose nearly $730,000 in an IRA fund with Nadel and Moody.
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I hope he killed himself. One less thieving Christ-killer in the world.
All the evidence is disappearing…
To Chaim: Yimach Shmo Vezichro. You're mishugana!
The "Love "of money is the root of all evil, is a very true statement.
Why, you judeophobic sack of crap! There is no proof this man is Jewish. You judeophoic sacks of crap will pay for this! Thank G-d there will be Hate Crime laws soon, judeophobes like you will be taken care of!
To Hal: Ata Ben Zona!! You have a sick choice of words.
There is a high percentage of jewish individuals involved in these frauds. I’m not anti-semitic but is it coincidence that one group of people dominate the financial fraud rip-offs?