Law360, New York (January 12, 2010, 2:13 PM ET) -- The U.S. Securities and Exchange Commission has sued a father-and-son hedge fund management team, alleging they allowed accused Ponzi schemer Arthur G. Nadel to run their funds and wildly exaggerated their funds' financial condition to investors.
Neil V. Moody, 71, and his son Christopher D. Moody, 35, both of Sarasota, Fla., allegedly overstated their funds' holdings by as much as $160 million, the SEC said in a complaint filed Monday in the U.S. District Court for the Middle District of Tampa.
The two also allegedly turned...
SEC Sues Father-Son Team With Nadel Ties
To view the full article, take a free trial now.
