Arthur Nadel

- Age at time of disappearance: 75
- Resident of Sarasota, Florida
- President of Scoop Management Inc.
- Spouse: Peg Nadel
- Children: Stepson, Geoff Quisenberry
- Described as a "prominent player in Sarasota social and philanthropic circles"Sarasota Herald-Tribune: $350 million ... gone (January 17, 2009)
- Attended New York University Law SchoolNew York Daily News: Another Bernard Madoff?... (January 17, 2009)
- Former real estate developerNew York Daily News: Another Bernard Madoff?... (January 17, 2009)
- Reported missing on January 14, 2009New York Daily News: Another Bernard Madoff?... (January 17, 2009)
- Charged with fraud on January 21, 2009WashingtonPost.com: Death on Wall Street, Fact and Rumor
- Surrendered to the FBI in Tampa, Florida, on January 27, 2009FOX News: Missing Florida Money Manager Turns Himself in to FBI (January 27, 2009)

Florida hedge fund manager Arthur Nadel was reported missing by his wife on January 14, 2009. Two days after Nadel's disappearance, on January 16, 2009, several investors in Nadel's fund contacted police to complain about the apparent disappearance of their invested funds. It is believed that up to $342 million may be missing in what investigators were describing as a Ponzi scheme.Sarasota Herald-Tribune: Nadel hedge fund case 'looks like a Ponzi scheme' (January 27, 2009) Nadel was formally charged with fraud on January 21, 2009.WashingtonPost.com: Death on Wall Street, Fact and Rumor On January 27, 2009, Nadel turned himself in to the FBI in Tampa, Florida. He was expected to appear at a federal court hearing later that day.FOX News: Missing Florida Money Manager Turns Himself in to FBI (January 27, 2009)
A 15-count indictment against Nadel was unsealed in a Manhattan federal court on April 28, 2009. The indictments accuse Nadel of securities fraud, wire fraud and mail fraud. Federal prosecutors are also seeking to force Nadel to surrender over $360 million in property and assets.Bloomberg: Nadel Is Indicted by Grand Jury... (April 28, 2009)
Alleged Suicide Note

Shortly before he was reported missing, Nadel called his stepson and told him to read a note that he had left there. The contents of the note were not disclosed, but Nadel was reportedly "distraught" and his family members were "concerned about his welfare" after reading it. The Sarasota Herald-Tribune reported that the note was a suicide note.Bloomberg: Florida Fund Manager Missing; Clients Say Money Gone
Quote

"The way I want to be represented is we are totally open and cooperative with all our clients and the authorities, and that includes the SEC. We have nothing to hide. But until our counsel has a statement prepared for us to make public, we cannot comment on what is happening here."—Peg NadelSarasota Herald-Tribune: $350 million ... gone (January 17, 2009)