Thursday, February 26, 2009

Another scammer gets house arrest

You might remember Arthur Nadel, the 76 year old scammer who went on the lam and eventually surrendered himself in Tampa, Florida. Well, a U.S. judge set a $5 million bond, house detention and other conditions of bail on Wednesday, but his attorney has indicated he might not be able to meet the conditions for release. Oh dear, whatever will he do? Nadel's alleged scam is not in the same league amount-wise as Madoff and Stanford. His alleged swindle is approximately 300 million. Compared to those guys he seems like a two-bit fraudster. Hardly seems worth mentioning does it?

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