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...
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Case Information

Case Title

Securities and Exchange Commission v. Moody et al

Case Number



Florida Middle

Nature of Suit



Richard A. Lazzara

Date Filed

January 10, 2010

Law Firms

Government Agencies

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