Monday, January 19, 2009

Listen Up Crooks

No sign of Florida financier or his clients' millions

TALLAHASSEE (Reuters) — A Florida investment manager who disappeared with what could be hundreds of millions of dollars of other people's money remained missing on Sunday, as the investigation into his dealings widened.

The FBI and the U.S. Securities and Exchange Commission have joined the search and investigation for Arthur Nadel, president of Scoop Management, whose reported disappearance Wednesday was followed two days later by complaints from investors who said that funds invested by and through Nadel had disappeared along with him.

That's how to do it. Don't jump out of a plane or confess to your sons - just disappear. If you're smart enough to steal millions, you should be smart enough to scare up a fake passport and a clean getaway car.

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