Arthur Geoffrey Nadel born on 1st January, 1933. He was a tailor’s son who worked his way through New York University, and in 1957 he graduated from New York University Law School, and also playing piano in Manhattan. He never actively practiced law but in 1982 he had some cases of dishonesty, fraud, deceit and misrepresentation. He was also a CEO in the 1970s of a public company that built health care facilities. In 1997 Nadel and Peg started a day-trading club and developed a computer-based investment and trading system.

Recently he was a manager of the hedge fund Scoop Management Co. which was located in Sarasota, Florida. The company has reported a loss of $350 million. He has been charged with securities fraud and wire fraud, these both frauds carries maximum prison of 20 year. For this Nadel was arrested on 27 January, 2009 after surrendering at the Tampa Federal Bureau of Investigation (FBI) office. According to Bloomberg News channel the Sarasota County Sheriff’s Office told that Nadel felt guilty and threatened to kill himself too.

This entire situation was created when his fifth wife Marguerite “Peg” J. (Quisenberry) reported that Nadel missing since January 14. Nadel contacted authorities after he left a written note to his wife that how to survive financially without him. In one package he left complete control and ownership of what he left for her and even documentation for divorce. Nadel married five times. In 1987 he married his third wife Virginia “Jennifer” Hoffman, an artist 22 years his junior and got divorce in 1991. Before her he married twice and got several children. His fourth wife was Emelie Painter Zack, and she divorced him in 1999.

Nadel traded for three funds established by partnerships Valhalla Management and Viking Management and three funds established by Scoop Management and Scoop Capital LLC. Scoop was created by Nadel himself when he was working there. Viking and Valhalla were created by unnamed partners. According to the SEC: The total value of the hedge fund securities on January 14 ? the date of when Nadel disappeared was thus $15,214.92, and the cash on hand was $491,625.87.

Arthur Nadel

Arthur Nadel