Prosecutors Want 20 Years For Ponzi Schemer Nadel

Law360, New York (October 14, 2010, 11:10 AM EDT) -- Federal prosecutors have urged the judge overseeing the sentencing of Arthur Nadel to send him to prison for at least 20 years, saying his alleged fraud wreaked havoc and devastation on the lives of nearly 400 unwitting investors and that his crimes must be punished severely to promote respect for the law.

Nadel “left a long trail of victims in his path – many of whom will never recover from their financial losses, many of whom will never regain their confidence in the integrity of the...
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