Father, Son Ordered To Pay $61M For Roles In Nadel Ponzi

Law360, New York (September 7, 2012, 8:38 PM EDT) -- A Florida federal judge on Friday ordered a father-son duo accused of luring investors into Arthur Nadel’s $162 million Ponzi scheme to disgorge $61 million, but said the court could only collect the assets the pair had already turned over to a court-appointed receiver.

According to an order of final judgment, Neil and Chris Moody, who owned three funds implicated in Nadel’s Ponzi scheme, are ordered to pay a collective $61 million to settle claims that they allowed Nadel to run their hedge funds and wildly...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Moody et al


Case Number

8:10-cv-00053

Court

Florida Middle

Nature of Suit

Securities/Commodities

Judge

Richard A. Lazzara

Date Filed

January 10, 2010

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.