Nadel’s lawyers drop his case – 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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