• 25 Feb 2009 at 12:30 PM

Nadel Probably Not Flying Free

Well, they sure figured out how to avoid getting White Collar Criminal friendly Sarasota involved in the prosecution of accused fraudster Arthur Nadel. They charged him in New York as he traded through a brokerage in the city. Woops. And while we are at it, we’ll note that it looks unlikely that he is going to be able to swing penthouse arrest.

A U.S. judge set a $5 million bond, house detention and other conditions of bail on Wednesday for accused hedge fund manager Arthur Nadel, who authorities say was on the run for two weeks in January before the FBI arrested him.
Nadel’s lawyer indicated that his client will not be able to meet the conditions of release set by Judge Denise Cote at a hearing in U.S. District Court in Manhattan.

U.S. judge sets bail conditions for fund manager Nadel [Reuters]

Comments (7)

  1. Posted by guest | February 25, 2009 at 12:33 PM

    It’s Nadel, not Nadal

  2. Posted by guest | February 25, 2009 at 12:37 PM

    He’s also one hell of a tennis player.

  3. Posted by Equity Private | February 25, 2009 at 12:38 PM

    Quite right. Too much tennis. Sorry. Thanks.

  4. Posted by guest | February 25, 2009 at 12:49 PM

    Who does have a million in their account for a rainy day? I mean I could understand not having it in the joint account, but definitely in the one the wife doesn’t know about.

  5. Posted by guest | February 25, 2009 at 12:57 PM

    OMG Shoes.

  6. Posted by guest | February 25, 2009 at 1:01 PM

    How about Guantanamo Bay for this jackasses?
    The complaints below would be great for Bernie and all of his new buddies…
    “He cited beatings, the dislocation of limbs, spraying of pepper spray into closed cells, applying pepper spray to toilet paper and over-forcefeeding detainees who are on hunger strike.”

  7. Posted by guest | February 25, 2009 at 1:15 PM

    That guy sure knows how to serve!

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