{"id":10232,"date":"2009-03-31T00:00:00","date_gmt":"2009-03-31T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"florida-hedge-fund-swindler-granted-continuance-in-new-york","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/florida-hedge-fund-swindler-granted-continuance-in-new-york.html","title":{"rendered":"Florida Hedge Fund Swindler Granted Continuance in New York"},"content":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Arthur Nadel, the 76-year-old Sarasota resident who was accused of disappearing with $350 million of investor funds, has been granted a 30-day continuance by a federal judge in New York yesterday. &nbsp;<\/p>\n<p>Prosecutors will have until April 29 to either get a guilty plea from the man accused of running the &ldquo;mini-Madoff&rdquo; Ponzi scheme, or to get an indictment.<\/p>\n<p>Unable to pay his mounting legal fees with his assets frozen, the continuance will allow Nadel to find new representation while allowing the new legal team to &ldquo;review certain pre-indictment discovery.&rdquo;<\/p>\n<p>Nadel was arrested in January after turning himself in at an FBI field office in Tampa.&nbsp; He faces charges of securities and wire fraud after using his six hedge funds to bilk investors out of millions since 2003.<\/p>\n<p>Julie Scuderi<br \/>Senior Editor for HedgeCo.Net<br \/>Email: julie@hedgeco.net<\/p>\n<p>HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<br \/>Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com&nbsp;&nbsp; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Arthur Nadel, the 76-year-old Sarasota resident who was accused of disappearing with $350 million of investor funds, has been granted a 30-day continuance by a federal judge in New York yesterday. &nbsp; Prosecutors will have until [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10232","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10232"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10232\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}