Another Madoff? Fund Manager Disappears..Millions Missing

[Me.]

Boy, who would want to invest with anyone these days?

“A Florida money manager is missing and police have opened an investigation into the possible disappearance of "hundreds of millions" of dollars, authorities said on Friday.

Police are searching for Arthur Nadel, 75, a prominent Sarasota philanthropist and fund manager who was reported missing by his family on Wednesday.

Nadel's hometown paper, The Sarasota Herald-Tribune, has more details, and reports that a suicide note was found by Nadel's wife, Peg:

Investors in a Sarasota-based hedge fund could be out $350 million, and the man behind it has vanished. Managers of the fund are telling clients that their money is gone, and they do not know if any will be recovered.<...>” cont…

http://www.huffingtonpost.com/2009/01/17/arthur-nadel-money-manage_n_158723.html