Nadel Wants 5-Year Sentence For His $162M Fraud

Law360, New York (September 28, 2010, 12:26 PM EDT) -- Former hedge fund manager Arthur G. Nadel “deeply regrets” that he orchestrated a Ponzi scheme that cost investors about $162 million, and hopes a judge will sentence him to a term that may allow his release from prison before he dies, his lawyers wrote in a motion.

Nadel's attorneys described their client as “an old, sick, broken man, who has neither the health, means or desire to ever get involved with business again” in a sentencing memorandum filed Monday in the U.S. District Court for the...
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