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Posts Tagged ‘investment scam’

Nadel’s lawyers drop his case

Friday, April 17, 2009 : Permalink

HeraldTribune.com – So much for Art Nadel’s high-profile legal team.

Nadel, the Sarasota money manager charged with running a $400 million investment scam, is now represented by a federal public defender after his private attorneys dropped him on Wednesday.

Prominent Tampa attorneys Barry Cohen and Todd Foster had defended Nadel against criminal charges since he turned himself in to the FBI on Jan. 27, two weeks after he left Sarasota as his hedge funds imploded.

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Madoff ‘has blood on hands’ over shooting death

Friday, February 13, 2009 : Permalink
West Sussex County Times – A former soldier who shot himself in the head in Southampton was facing bankruptcy after becoming the victim of an alleged fraud by US banker Bernard Madoff, his grieving son said.
The son of William Foxton, 65, said he father was so distraught after losing his family’s entire savings in the multibillion-dollar investment scam that he shot himself in a park on Tuesday with a handgun.

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