Hedge fund manager Arthur Nadel, dubbed the “mini-Madoff”, was sentenced to 168 months in jail after being found guilty of embezzling millions of dollars in a Ponzi scheme.
The sentence is one month in jail for every $1 million he embezzled.
Nadel,…
Bidders will have the chance to dip into the lifestyle of convicted Ponzi schemer Bernie Madoff, when a collection of his prized possessions are put up for sale.
Among the goods to go under the hammer are a Steinway & Sons grand piano, a woman’s ring with a 10.54-carat diamond and a miniature bronze bull, USA Today reported.
“These pieces are the last of what once occupied the…
Continue reading Bernie Madoff’s Prized Possessions Up For Auction
Bernie Madoff’s Prized Possessions Up For Auction originally appeared on DailyFinance on Wed, 20 Oct 2010 08:05:00.
Filed Under: People
On Sunday, money manager Stanley Chais died at age 84, still under investigation for his involvement with Bernard Madoff. Chais channeled large amounts of investors’ money to the now-notorious Ponzi schemer, and over the years …