SEC v. Nadel

SEC Complaint against Arthur Nadel and Scoop Capital


The SEC is charging Arthur Nadel with fraud in connection with six hedge funds for which he acted as the principal investment advisor. According to the Commission's complaint, Nadel provided false and misleading information for dissemination to investors about the Funds' historical returns and falsely overstated the value of investments in the Funds by approximately $300 million. The Funds appear to have total assets of less than $1 million.

Nadel has been missing since January 14, 2009.

The complaint charges Nadel, Scoop Capital, LLC and Scoop Management, Inc. with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

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Reference Info:Pleadings | Federal, 11th Circuit, Florida | United States

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