Friday, 27 November 2015
Last updated 1 day ago
Apr 26 2011 | 3:30pm ET by Deirdre Brennan
This week’s CNBC episode of American Greed profiles our second, make that third, favorite scam artist, Arthur Nadel.
The so-called ‘Wizard of Sarasota’ (a name clearly made up by the folks at CNBC) bilked investors in his six hedge funds out of $162 million. While he wasn’t as creative as our second favorite fraudster Samuel 'suicide is painless' Israel when writing his goodbye note, just like Sammy, he is very much alive and is now kicking it in a federal penitentiary—the Butner Federal Correctional Complex to be exact. He’s is good company, Butner is where arch-fraudster Bernie Madoff is spending his remaining days. So, if you haven’t gotten your fill of frauds with our Hall of Justice section, you may want to tune in (see trailer below).
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…