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crash2006

Investors In A Sarasota-based Hedge Fund Could Be Out $350 Million, And The Man Behind It Has Vanished

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SARASOTA - Investors in a Sarasota-based hedge fund could be out $350 million, and the man behind it has vanished.

Managers of the fund are telling clients that their money is gone, and they do not know if any will be recovered.

Fund principal Arthur G. Nadel, a prominent player in Sarasota social and philanthropic circles, disappeared this week. His wife, Peg, filed a missing person report with law enforcement after finding a suicide note.

Investors — from individuals to the Sarasota YMCA Foundation — in the funds branded Viking, Valhalla and Scoop were stunned this week to learn they may be victims in what could become the largest investment swindle in Southwest Florida history.

Despite the carnage on Wall Street last year, investors had been told their investments earned more than 8 percent as of November

http://www2.tbo.com/content/2009/jan/16/fu.../news-breaking/

seems like this is the in thing to do.

With Neil's fund, because it was outside our investment guidelines, he did a personal guarantee of 10 percent," she said. In other words, if the fund did not generate at least 10 percent per year, Moody promised to make up the difference. :lol:

Edited by crash2006

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  • 296 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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