• 22 Jan 2009 at 2:36 PM

Run Forest, Run!

By Bess Levin

forrest2.jpg

The US Securities and Exchange Commission on Wednesday accused Arthur Nadel, a missing Florida-based hedge fund manager, of falsely overstating by about $300m the value of investments in six funds he advised.
The actual value of the hedge funds’ assets is only about $506,000, according to the SEC’s complaint, which was filed in a Florida district court on Wednesday. Mr Nadel also recently transferred $1.25m from two of the hedge funds to a secret bank account, the SEC alleged.

Comments (15)

  1. 1
    Posted by guest | January 22, 2009 at 2:36 PM

    Dear God, make me a bird. So I can fly far, far awy from here.
    - Back Office

  2. 2
    Posted by guest | January 22, 2009 at 2:41 PM

    You know you are depressed when you read headlines like this and wish you were a hedgie on the run. Seriously, would you rather be a laid-off corporate attorney (like me) with no prospect of employment in the future or Art Nadel?

  3. 3
    Posted by guest | January 22, 2009 at 2:41 PM

    Life was like a box of chocolates. You never know what you’re gonna get.
    - Fund Investor

  4. 4
    Posted by guest | January 22, 2009 at 2:43 PM

    It’s Forrest.
    Yes, I’m a bitch.

  5. 5
    Posted by Gordon Gekko | January 22, 2009 at 2:44 PM

    @2
    See http://www.leveragedsellout.com/2006/08/biglaw-bigschmaw/
    Should have studied harder during 1L/OCI

  6. 6
    Posted by guest | January 22, 2009 at 2:46 PM

    How can you have a blouse cut that low and not have any clevage show? (Erin B right now)
    Invest in a decent bra…

  7. 7
    Posted by guest | January 22, 2009 at 2:49 PM

    dude if her nipples get excited, her boobs triple in size… Her ass is built for spanking though…

  8. 8
    Posted by guest | January 22, 2009 at 2:51 PM

    6&7 – right on all counts.
    On another note, Melissa Lee is D-I-R-T-Y.

  9. 9
    Posted by guest | January 22, 2009 at 2:54 PM

    #5, a subtle plug for Victoria’s Secret?

  10. 10
    Posted by guest | January 22, 2009 at 2:56 PM

    #5, are you touting Victoria’s Secret?

  11. 11
    Posted by guest | January 22, 2009 at 2:59 PM

    @9 & 10,
    I just like perky breasts displayed at the proper angle, that’s all.
    (I assume you meant #6 (?)

  12. 12
    Posted by guest | January 22, 2009 at 3:06 PM

    Two “r”s in Forrest, love.

  13. 13
    Posted by guest | January 22, 2009 at 3:26 PM

    “Collecting taxes in a fair and consistent manner is a core mission of the Treasury Department. Treasury’s priorities in tax administration are enforcing the nation’s tax laws fairly and efficiently while balancing taxpayer service and education to promote voluntary compliance and reduce taxpayer burden.”
    This is getting surreal.

  14. 14
    Posted by guest | January 22, 2009 at 3:35 PM

    You would think Arty would have a nicer ride than that shit box Subaru

  15. 15
    Posted by guest | January 22, 2009 at 4:41 PM

    I LOLed heartily.

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