SEC Goes After Missing Hedge Fund Manager

Law360, New York (January 21, 2009, 12:00 AM EST) -- A federal judge has frozen the assets of a missing hedge fund manager whom the U.S. Securities and Exchange Commission has accused of overstating the value of investments by about $300 million.

The SEC filed a civil action Wednesday accusing Arthur Nadel, 76, of fraud. In an order Wednesday, Judge Richard A. Lazzara granted the SEC's bid to freeze Nadel's assets and appointed a receiver in the case.

Nadel has been missing since Jan. 14. He recently transferred at least $1.25 million from two of the...
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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

Government Agencies

UK Financial Services

UK Financial Services

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