Florida Fund Manager Art Nadel Reported Missing

Art Nadel (far right) and his wife Peg out on the town

Another money manager is in the news. Art Nadel, who works for Sarasota-based Valhalla Management is missing. Geez, I wonder what could have happened to him? Maybe he's pulling another stunt like Marcus Schrenker or Sonya Kohn, who has still not been seen anywhere. Folks, this is about to blow up. Sarasota police has reportedly confirmed to CNBC that they are in the early stages of a large-scale probe of theft of invested assets. Media report says that millions of dollars, to the tune of $350 million, are missing and it is unclear if any will be recovered. What we have here is a Mini-Bernard Madoff case in the making.

Nadel's wife, Peg, confirmed he is missing after finding a suicide note, but would not say for how long. She called it a "sad situation" and said she is cooperating with the police who were in her home at the time CNBC spoke with her. Yeah, she knows exactly what his problem is.

The police would not say if Mr. Nadel is a suspect in the theft or provide any other details about their investigation. This is developing and there will be more to come.

Read more about Art Nadel, CLICK HERE.

Florida Fund Manager Art Nadel Reported Missing

Art Nadel (far right) and his wife Peg out on the town

Another money manager is in the news. Art Nadel, who works for Sarasota-based Valhalla Management is missing. Geez, I wonder what could have happened to him? Maybe he's pulling another stunt like Marcus Schrenker or Sonya Kohn, who has still not been seen anywhere. Folks, this is about to blow up. Sarasota police has reportedly confirmed to CNBC that they are in the early stages of a large-scale probe of theft of invested assets. Media report says that millions of dollars, to the tune of $350 million, are missing and it is unclear if any will be recovered. What we have here is a Mini-Bernard Madoff case in the making.

Nadel's wife, Peg, confirmed he is missing after finding a suicide note, but would not say for how long. She called it a "sad situation" and said she is cooperating with the police who were in her home at the time CNBC spoke with her. Yeah, she knows exactly what his problem is.

The police would not say if Mr. Nadel is a suspect in the theft or provide any other details about their investigation. This is developing and there will be more to come.

Read more about Art Nadel, CLICK HERE.

Sonja Kohn, Austria’s ‘Woman on Wall St.’ Now Out of Sight, Tied to Bernard Madoff

Have you seen Sonja Kohn?

Sonja Kohn, Austria’s ‘Woman on Wall Street’ is now out of sight. She is tied to Ponzi scheme criminal Bernard Madoff. She was Madoff's front-woman. She gathered billions for Madoff from wealthy investors in Russia and across Europe. I guess that's why she's missing. Those wealthy Russian Oligarchs are looking for her. I guess with them as clients and their money lost, she ought to be afraid. Very afraid.

According to the NY Times, she left Bank Medici, the firm she founded, in the hands of Austrian regulators who took it over last week. She invested heavily with Madoff and I suspect that her next place of residence will be a prison cell. But another theory widely repeated by those who know Mrs. Kohn is that she may be afraid of some particularly displeased investors: Russian oligarchs whose money made up a chunk of the $2.1 billion that Bank Medici invested with Mr. Madoff.

Isn't this a stunning fall from grace for this 60 year-old woman? She is the daughter of Jewish refugees from Eastern Europe who moved to Vienna after World War II. She came to New York in the 1980s and was one of the rare women to found and head a small brokerage firm. At that time, she started a decades-long friendship with Mr. Madoff. Once known here as “Austria’s woman on Wall Street,” she became one of Mr. Madoff’s international conduits for securing billions of dollars from the global rich. Mrs. Kohn owns 75 percent of Bank Medici, with Bank Austria holding the rest.

The fallout from Bernard Madoff is far-reaching and I think we are in store for more surprises and more arrests. Yoo-hoo, Mrs. Kohn, some Russians are looking for you and they're not happy!

To read the entire article, CLICK HERE

Sonja Kohn, Austria’s ‘Woman on Wall St.’ Now Out of Sight, Tied to Bernard Madoff

Have you seen Sonja Kohn?

Sonja Kohn, Austria’s ‘Woman on Wall Street’ is now out of sight. She is tied to Ponzi scheme criminal Bernard Madoff. She was Madoff's front-woman. She gathered billions for Madoff from wealthy investors in Russia and across Europe. I guess that's why she's missing. Those wealthy Russian Oligarchs are looking for her. I guess with them as clients and their money lost, she ought to be afraid. Very afraid.

According to the NY Times, she left Bank Medici, the firm she founded, in the hands of Austrian regulators who took it over last week. She invested heavily with Madoff and I suspect that her next place of residence will be a prison cell. But another theory widely repeated by those who know Mrs. Kohn is that she may be afraid of some particularly displeased investors: Russian oligarchs whose money made up a chunk of the $2.1 billion that Bank Medici invested with Mr. Madoff.

Isn't this a stunning fall from grace for this 60 year-old woman? She is the daughter of Jewish refugees from Eastern Europe who moved to Vienna after World War II. She came to New York in the 1980s and was one of the rare women to found and head a small brokerage firm. At that time, she started a decades-long friendship with Mr. Madoff. Once known here as “Austria’s woman on Wall Street,” she became one of Mr. Madoff’s international conduits for securing billions of dollars from the global rich. Mrs. Kohn owns 75 percent of Bank Medici, with Bank Austria holding the rest.

The fallout from Bernard Madoff is far-reaching and I think we are in store for more surprises and more arrests. Yoo-hoo, Mrs. Kohn, some Russians are looking for you and they're not happy!

To read the entire article, CLICK HERE