• 21 Jan 2009 at 3:06 PM

More Fodder For The Ponzi Trifecta

By Bess Levin

forrest2.jpg

The U.S. Securities and Exchange Commission on Wednesday charged missing fund manager Arthur Nadel with defrauding investors at six Florida-based hedge funds.
The SEC said Nadel provided false information to investors about the funds’ returns and overstated the value of the investments by about $300 million.
Nadel, the 76-year-old head of a Sarasota fund management company, was reported missing by his family a week ago. Two days later investors began complaining to police that possibly hundreds of millions of dollars were missing from the funds he ran.

The fact that this guy, at 76, has managed to put our 38 year old DB Cooper wannabe to shame (the last sign of Nadel was his green Suburu found in the airport parking lot- which makes me think he is driving to Mexico in another vehicle while police waste their time looking at ticket records) makes him the leading candidate for the Dealbreaker Ponzi Escape Award (sponsored by the Dealbreaker Guide: How To Properly Escape Capture Following Your Massive (or Relatively Massive) Financial Fraud. Part II is presently in development!) We are still deciding on a trophy design. Feel free to put your suggestions (as well as any nominees we may have overlooked) into comments.
US SEC charges missing Florida fund manager [Reuters]

Comments (21)

  1. 1
    Posted by guest | January 21, 2009 at 3:11 PM

    76 years old? how fast can this guy run?
    car 34, where are you?

  2. 2
    Posted by guest | January 21, 2009 at 3:11 PM

    76 years old? how fast can this guy run?
    car 34, where are you?

  3. 3
    Posted by guest | January 21, 2009 at 3:11 PM

    76 years old? how fast can this guy run?
    car 34, where are you?

  4. 4
    Posted by guest | January 21, 2009 at 3:11 PM

    76 years old? how fast can this guy run?
    car 34, where are you?

  5. 5
    Posted by guest | January 21, 2009 at 3:19 PM

    Please see:
    “The Semiannual Dealbreaker Guide To Avoiding Repeat Comments” thread . . .

  6. 6
    Posted by guest | January 21, 2009 at 3:20 PM

    @1-4. FAIL

  7. 7
    Posted by shiphouse | January 21, 2009 at 3:33 PM

    How about a picture of Steve Mcqueen jumping the fence in The Great Escape with the caption:
    “put a fence in front of these men…and they’ll climb it…”
    http://www.imdb.com/media/rm2218629120/tt0057115

  8. 8
    Posted by CapitolCapital | January 21, 2009 at 3:37 PM

    A bronze Henry Winkler, rod and reel in hand, straining to pull in a giant letter “P”
    A Fonzi the Bear stuffed animal would do in a pinch too. Staple a Fisher Price rod to it, spray paint it gold, and you could award it for less than the cost of paying a first year JPM bonus.

  9. 9
    Posted by Fiftycent | January 21, 2009 at 3:43 PM

    If your hedge fund manager installs a swimming pool at his office, you might have invested in a Ponzi scheme.
    If your hedge fund manager drives a Subaru, you might have invested in a Ponzi scheme.
    If your hedge fund manager does not charge fees and self administers, you might have invested in a Ponzi scheme.
    If your hedge fund manager writes a FAQ that resembles the drunken ramblings of a retarded five year old, you might have invested in a Ponzi scheme.
    If your hedge fund manager poses in a douchey, self aggrandizing, nouveau riche car ad, you just might have happened to have invested in a Ponzi scheme.

  10. 10
    Posted by guest | January 21, 2009 at 3:45 PM

    trophy: a butt fleshlight
    because it’ll always remind them what they did to their investors

  11. 11
    Posted by guest | January 21, 2009 at 3:51 PM

    Mexico? Try Del Boca Vista Phase III held up with his mistress Doris, costco card, and plenty of cialis.

  12. 12
    Posted by guest | January 21, 2009 at 3:55 PM

    I’d like to propose a statue of mercury like the one below, with two changes:
    1) much less lean and muscular and more paunchy as these Ponzi scheme artistes’ are apt to be.
    2) Holding a money bag.
    http://www.antiquehelper.com/item.php?itemID=38754
    -C

  13. 13
    Posted by guest | January 21, 2009 at 3:58 PM

    its car 54 numbnuts.

  14. 14
    Posted by guest | January 21, 2009 at 4:09 PM

    A GREEN SUBARU?! That car has to be stolen.
    There’s no way any self-respecting American, let alone a hedge fund manager, LET ALONE a hedge fund manager committing HUNDREDS of millions of dollars of fraud, drives a gree fuckin Subaru.
    Arrest him for being and rich and choosing to drive a japanese station wagon, worry about the Ponzi later.

  15. 15
    Posted by guest | January 21, 2009 at 4:10 PM

    I’d like to see a Houdini inspired trophy and theme develop. Great work with the Spicoli, Forrest, and DB Cooper references but we really need to include Houdini.
    http://upload.wikimedia.org/wikipedia/commons/3/37/HarryHoudini1899.jpg
    SPODE

  16. 16
    Posted by guest | January 21, 2009 at 4:48 PM

    Run Forest! Run!

  17. 17
    Posted by guest | January 21, 2009 at 5:47 PM

    Talking about financial fugitives, where the hell is Raoul Weil?

  18. 18
    Posted by Novice | January 21, 2009 at 6:02 PM

    @7 How about Papillon? I like it better, and fewer Brits were killed in the filming.

  19. 19
    Posted by PatrickBateman | January 21, 2009 at 6:04 PM

    Venezuela, my friends. All these guys are sipping beers and toasting the end of capitalism with Hugo Chavez hosting the party. So sad.

  20. 20
    Posted by guest | January 22, 2009 at 2:45 AM

    @11–LMAO

  21. 21
    Posted by guest | January 22, 2009 at 3:39 AM

    @11, Video @ 11?

Leave a comment

You can log in with your account or comment as a guest below.

   or