Investors in a Sarasota-based hedge fund could be out $350 million, and the man behind it has vanished. Managers of the fund are telling clients that their money is gone, and they do not know if any will be recovered.
Fund principal Arthur G. Nadel, a prominent player in Sarasota social and philanthropic [misanthopic, surely? — Ed] circles, disappeared this week. His wife, Peg, filed a missing person report with law enforcement after finding a suicide note...
Idaho securities regulators are investigating allegations that a money manager in the state operated a long-running Ponzi scheme that cost investors as much as $100 million. Marilyn Chastain, securities bureau chief for the state's Department of Finance, said a formal investigation of Daren Palmer of Idaho Falls has been opened following a meeting with about 30 investors there...
...The complaints involve Mr Palmer, 40 years old, and Trigon Group Inc, a company with an office in Idaho Falls that investors say was owned by him. Neither Mr. Palmer nor the firms are registered as investment advisers with state securities regulators.
