Nadel Gets More Time To Hire Lawyer

Mar 9 2009 | 1:48am ET

Accused hedge fund fraudster Arthur Nadel has been given more time to find a lawyer to defend him against civil charges leveled by the Securities and Exchange Commission.

Nadel has attorneys defending him against criminal charges that he defrauded investors in six hedge funds he managed of some $300 million, and those same lawyers may also defend him against the SEC complaint. But a federal judge has given him another month to decide.

If Nadel has not picked a lawyer by April 6, he will be unable to contest the SEC’s charges.

Nadel, who lived and worked in Sarasota, Fla., remains in federal custody in New York, unable to post bail


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note