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]