Parker Waichman LLP

Alleged Florida Swindler, Arthur Nadel, Given Continuance to Find New Representation

30 Days to Find a New Attorney. Arthur Nadel has been given 30 days to find a new attorney. According to CNBC, the accused Ponzi schemer was granted the 30-day continuance after a federal judge refused to allow him access to some of his frozen assets so that he could pay his criminal attorneys. Nadel […]

Florida Swindler

30 Days to Find a New Attorney. Arthur Nadel has been given 30 days to find a new attorney. According to CNBC, the accused Ponzi schemer was granted the 30-day continuance after a federal judge refused to allow him access to some of his frozen assets so that he could pay his criminal attorneys.

Nadel owed the Florida law firm that had been representing him in his criminal case more than $93,000. Earlier this month, the firm had asked U.S. District Judge Richard Lazzara to unfreeze $250,000 worth of Nadel’s assets to pay his current and future legal bills. In return, the firm had offered to represent him for a “deeply discounted” rate. The firm had hinted that it would drop Nadel as a client if the assets were not released.

But Judge Lazzara refused, saying that doing so would be a “gross abuse of my discretion.” If necessary, Lazzara said, Nadel could be represented by court-appointed counsel.

To Find New Representation.

Under the continuance, prosecutors will have until April 29 to either get a guilty plea from Nadel, or to get an indictment. The continuance will allow Nadel to find new representation while allowing the new legal team to “review certain pre-indictment discovery.”

Arthur Nadel was president of Scoop Management Inc., which managed six private investment funds. He disappeared on January 14, a day before he was to deliver a $50 million payout to investors. He left his family a purported suicide note, but it was always suspected that Nadel was alive and on the run.

Nadel turned himself in to the FBI in Tampa two weeks later. His was charged with one count each of securities fraud and wire fraud, and his case was moved to federal court in Manhattan. Nadel is in jail, having been unable to meet the conditions of a $5 million bond. If convicted, Nadel could face a maximum of 20 years in prison on each charge.

Nadel’s fraud is estimated to have cost his investors as much as $397 million.

Need Legal Help Regarding Florida Swindler?

The personal injury attorneys at Parker Waichman LLP offer free, no-obligation case evaluations. For more information, fill out our online contact form or call 1-800-YOURLAWYER (1-800-968-7529).

[sc name=”post-footers”]

What Our Clients Say About Us
We have worked with thousands of clients and we appreciate them and their positive reviews. Here are just a few recent client reviews...
5 Star Reviews 150
Jillian is so wonderful I really enjoyed working with her
Tericka Dash
6 years ago
5 Star Reviews 150
patrick boutin
6 years ago
5 Star Reviews 150
Parker Waichman LLP- Paralegal, Jessie Salcedo, she is professional and has been very helpful. I am a new mom and a newlywed so my life is very chaotic at times. Sometimes it's hard todo anything else but my basic day to day stuff. They have made this process very easy for me. All I've really had todo is provide some information and they have handled everything else. I greatly appreciate their services and would refer them to anyone. Also, they remembered my birthday this past September. They sent me a card. Most of my friends don't remember my birthday. To me, that was going out of their way just to brighten my day and I really appreciated it.
GunRivGen
5 years ago

Why Choose Us to Help You?

We Take Care of Everything
Your situation is stressful enough: Let us take on the deadlines, paperwork, investigation, and litigation. We'll handle every detail so you don't have to worry.
No Recovery = No Legal Fees
We work on a contingency-fee basis, meaning that we only get paid from a portion of your settlement or jury award. If you don't get compensation, you owe us nothing.
Decades of Experience
Your situation is stressful enough: Let us take on the deadlines, paperwork, investigation, and litigation. We'll handle every detail so you don't have to worry.
Respected by Our Peers
Judges, insurance adjusters, and fellow attorneys all speak highly of our skills, and we've earned numerous accolades, including a flawless rating from AVVO.
We Have Many Locations To Serve You
We have the experience and the skilled litigators to win your case. Contact us and speak with a real attorney who can help you.
Long Island – Nassau
Parker Waichman LLP
6 Harbor Park Drive
Port Washington, NY 11050
Long Island – Suffolk
Parker Waichman LLP
201 Old Country Road – Suite 145
Melville, NY 11747
New York
Parker Waichman LLP
59 Maiden Lane, 6th Floor
New York, NY 10038
Queens
Parker Waichman LLP
118-35 Queens Boulevard, Suite 400
Forest Hills, NY 11375
Brooklyn
Parker Waichman LLP
300 Cadman Plaza West
One Pierrepont Plaza, 12th Floor
Brooklyn, NY 11201
New Jersey
Parker Waichman LLP
80 Main Street, Suite 265
West Orange, NJ 07052
Florida
Parker Waichman LLP
27299 Riverview Center Boulevard
Suite 108
Bonita Springs, FL 34134
Nationwide Service
Parker Waichman LLP
59 Maiden Lane, 6th Floor
New York, NY 10038