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 'Master Trader' turned $120 million into $125,000 in just 4 years

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'Master Trader' turned $120 million into $125,000 in just 4 years Vide
PostSubject: 'Master Trader' turned $120 million into $125,000 in just 4 years   'Master Trader' turned $120 million into $125,000 in just 4 years Icon_minitimeWed Jan 28, 2009 5:20 pm
Arthur Nadel, who has been on the lam since Jan. 16 when he threatened to kill himself and vanished, surrendered to Florida authorities today in an alleged $300 million investor fraud case. Nadel, 76, now faces criminal charges in New York City, where a complaint against the fund manager was unsealed today.

According to the complaint, Nadel turned more than $120 million in net liquidating value of investor funds into a little over $125,000 in four years. His is the latest in a series of alleged investor fraud and Ponzi" target="external">Ponzi schemes that have come to light since the arrest of Bernard Madoff on Dec. 11, 2008 for allegedly running a $50 billion scheme " target="external">$50 billion investor fraud scheme.

http://abcnews.go.com/Blotter/story?id=6741460&page=1

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'Master Trader' turned $120 million into $125,000 in just 4 years

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