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Posts Tagged ‘chris moody’

Another Lawsuit Targets Valhalla Investment Partners

Tuesday, August 25, 2009 : Permalink

Herald Tribune – Two investors who lost $750,000 in the implosion of Scoop Management have filed a lawsuit against investment managers Neil and Chris Moody, who ran the Valhalla Investment Partners L.P. hedge fund.

Bruce M. Bell and Richard G. Levine, represented by Sarasota attorney Morgan Bentley, allege that the Moodys knew that the hedge funds were an investment scheme.

The latest lawsuit is along the lines of one Bentley filed on behalf of Fort Lauderdale investor Louis Paolino, who says he lost $6 million in the Moodys’ Viking Fund LLC.

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Judge extends freeze on Nadel

Wednesday, February 4, 2009 : Permalink

Herald Tribune – A federal judge extended a freeze on the assets of Sarasota’s Arthur G. Nadel on Tuesday, but failed to include other partners — a measure some investors with the accused hedge fund swindler have been pushing for aggressively because Nadel shared $95.5 million in incentive fees with other Scoop Management Inc. principals.

Nadel did not contest U.S. District Judge Richard A. Lazzara’s order freezing personal and business bank accounts, property and other assets Nadel controls solely or with others, so a hearing scheduled for today was canceled.

Investors like Fort Lauderdale’s Louis Paolino Jr., who is out $5.8 million since the Jan. 14 implosion of the six funds Nadel managed, had hoped the hearing might shed light on why the U.S. Securities and Exchange Commission was not seeking to include Nadel partners Neil or Chris Moody in the freeze.

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