Looking For Mr. Nadel

January 20th, 2009

Authorities are still looking for Mr. Nadel.

Around the same time he mysteriously vanished, hedge fund manager Arthur G. Nadel owed a $50 million payout to some of the investors who had entrusted their life savings to him, an accountant said Monday.

Instead, they learned their money was gone — and now they’re left asking if it was all a bad investment, or if they were scammed.

Have they checked Mr. Madoff’s penthouse yet?

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