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Nadel Receiver Reaches Deal With Calif. Investor

Law360 (January 26, 2011, 4:21 PM EST) -- The receiver for Arthur Nadel's $168 million Ponzi scheme said Wednesday that a newly approved $245,000 settlement with a California investor accused of realizing false profits from the fraud added to a recovery effort exceeding $15 million.

Judge Richard A. Lazzara of the U.S. District Court for the Middle District of Florida approved the deal between Burton W. Wiand of Wiand Guerra King PL — the receiver appointed by the U.S. Securities and Exchange Commission to recover lost funds — and defendant Richard Fagin, of Palo...
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Case Information

Case Title

Securities and Exchange Commission v. Nadel et al

Case Number



Florida Middle

Nature of Suit



Richard A. Lazzara

Date Filed

January 21, 2009

Law Firms

Government Agencies

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