old crime

Ponzi Schemer Arthur Nadel Sentenced to 14 Years

Arthur, you are an evil person,” an investor told the septuagenarian money manager, who attempted to flee the country after his $168 million fraud was discovered, at the sentencing in New York today. “I assume you are a narcissistic psychopath,” he went on “just a weak child seething with anger and loathing” who had “little success in life until you founded your fraudulent funds.” And not much success after that, apparently. [NYT]

Ponzi Schemer Arthur Nadel Sentenced to 14 Years