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HREF='/news-archive/2009/list-index.html#settles'>SETTLEMENTS AND DISMISSALS ARCHIVED</A></div> </font></font></td> </tr> </table> <hr> <font FACE='Garmond,Helvetica,Times' size=2 color=#330066> <BR> <B>HEADLINE NEWS:</B><BR> <BR> <B>Nadel Again Seeks Release From Jail While Awaiting Fraud Trial</B><br>David Glovin<br><br>Bloomberg. September 25, 2009</font><BR> <font face='Garmond,Helvetica,Times' size=1 color='#330066'> _________________________________________________________________________ </font> <BR><BR> <font face='Garmond,Helvetica,Times' size=2 color='#330066'> <!--PASTE ON THE LINE BELOW-->EXCERPT: Arthur Nadel, the Florida hedge- fund adviser who has been jailed since January, again asked a judge to release him on reduced bail while he awaits trial. A lawyer for Nadel, a money manager and founder of Scoop Management Inc. in Sarasota, Florida, told U.S. District Judge John Koeltl in New York that the case isn t close to going to trial and that Nadel should be presumed innocent. Nadel, 77, is now being held in a federal jail in New York.  After eight months in jail, Mr. Nadel s circumstances have been so dramatically reduced and his thoughts so focused on concern for his wife that he has no desire whatsoever to flee and incur any risk to her, lawyer Mark Gombiner wrote in a letter yesterday, adding that his client has  lost everything. Nadel, who disappeared for two weeks in January after Florida authorities began investigating investor complaints about missing money, proposes that he be released on a $1 million bond, guaranteed by his wife s Florida home. He said he would be subject to electronic monitoring. Nadel was charged in January in New York with securities and mail fraud. He surrendered six days later in Tampa, Florida. Assistant U.S. Attorney Maria Douvas has opposed reductions in bail, saying Nadel may flee and may be holding money in foreign accounts. Gombiner said a receiver seized all of Nadel s assets and that he would be unable to run. <!--PASTE ON THE LINE ABOVE--> </font> </td> </tr> </table> <TABLE witdh=100% align='left' valign='top'> <BR> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='/news.html'> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> News</font></A>&nbsp;page | <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='/news-archive/2009/list-index.html'> <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Archived News 2009</font></A>&nbsp;page | <font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Back to <A HREF='#top'><font FACE='Garmond,Helvetica,Times' size=1 color=#330066> Top</font></A>&nbsp; <!--we may use this space--> </font></font></font></TABLE><BR> </td> </tr> </table> <BR> </TD> </TR></TABLE> <BR> </BODY></HTML>