A Tampa federal judge dismissed some claims against Wells Fargo Bank that alleged it aided and abetted Arthur Nadel’s $168 million Ponzi scam.
Tampa lawyer Burton Wiand, court-appointed receiver, filed the lawsuit in February 2012 as part of attempts to recover money for investors bilked in Nadel’s hedge fund scheme.
The U.S. Securities and Exchange Commission shut down Nadel’s hedge fund operations in 2009. Nadel pleaded guilty to defrauding investors and was sentenced to 14 years in prison.
The…
A Tampa federal judge dismissed some claims against Wells Fargo Bank that alleged it aided and abetted Arthur Nadel’s $168 million Ponzi scam.
Tampa lawyer Burton Wiand, court-appointed receiver, filed the lawsuit in February 2012 as part of attempts to recover money for investors bilked in Nadel’s hedge fund scheme.
The U.S. Securities and Exchange Commission shut down Nadel’s hedge fund operations in 2009. Nadel pleaded guilty to defrauding investors and was sentenced to 14 years in prison.
The…