Arthur Nadel Has Been Arrested


Arthur Nadel, one of the many Old Criminals whose shenanigans have been unveiled during the Greatest Depression, has been arrested. Nadel, who has been accused of overstating his profits and defrauding his investors, had written his wife a suicide note in which he apologized for his sins, but last week, his car was found at the airport in Sarasota, and it was discovered he had transferred over a million dollars into a secret bank account. The old bugger didn’t get far: He was arrested in Tampa. [Bloomberg]