SEC Charges and Criminal Charges
Tampa U.S. Magistrate Judge Mark Pizzo denied Nadel’s request to be released on his own recognizance, and on January 30, 2009 ordered him held without bail at the Pinellas County jail. On February 2, 2009, Judge Pizzo issued a warrant of removal, removing the case from the jurisdiction of the Middle District of Florida to the Southern District of New York.
The SEC says Nadel had transferred at least $1.25 million from two of the hedge funds to secret bank accounts that he controlled.
Read more about this topic: Arthur Nadel
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