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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