Friday, 31 October 2014
Last updated 14 hours ago
Feb 18 2009 | 1:01am ET
Accused hedge fund fraudster Arthur Nadel will be spending at least another week in jail after his bail hearing was delayed again.
U.S. District Court Judge Denise Cote moved Nadel’s bail hearing to Feb. 25 from tomorrow. Last week, the Scoop Management chief, who is accused of defrauding investors in his six hedge funds of $300 million, was moved to Manhattan to face securities and wire fraud charges. Cote ordered prosecutors and Nadel’s defense team to negotiate bail terms, and said she wanted more information on how he had spent the money he allegedly stole for investors.
Nadel’s attorneys have asked that his client be released on bail and allowed to return to his Sarasota, Fla., home. Prosecutors say he is a flight risk, noting that he disappeared for almost two weeks as his hedge funds collapsed and traveled across the country before turning himself in on Jan. 27.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.