by Staff Writer on May 10, 2012
Payback came this week for those victimized by the Ponzi scheme of Florida hedge fund manager Arthur Nadel. The Sarasota Herald-Tribune reported Wednesday that 340 investors who lost money in Nadel’s scam received checks in the mail totaling about $26 million. So far, according to the article, $34 million has been recovered by the legally-designated receiver responsible for returning the money. Also, $131 million in claims stemming from the scam are authorized for payout.
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