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To: elmatador who wrote (45408)1/17/2009 2:48:02 PM
From: Snowshoe  Read Replies (2) | Respond to of 219476
 
Another hedge fund fraud case...

Police probe Fla. fraud claim, missing fund leader
By SUZETTE LABOY, Associated Press Writer Suzette Laboy, Associated Press Writer – 55 mins ago

MIAMI – A Florida hedge fund manager accused of defrauding investors out of millions is missing and his family is worried because he left a note indicating he was "distraught," police said Saturday.

Authorities were interviewing investors and looking into claims that Arthur G. Nadel stole from them, said Sarasota Police Capt. Bill Spitler. It was too soon to say exactly how much was invested, but there were reports the hedge fund could be out $350 million.


see: news.yahoo.com