Sarasota money manager Art Nadel is missing
Hey investors! Anybody got money tied up with Valhalla Management in Sarasota? On Friday, CNBC reported Florida money manager Art Nadel, who works for Valhalla Management, is missing. Nadel's wife, Peg, confirmed to CNBC he is missing 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. Here's the CNBC video report.
Separately, the Sarasota police confirmed to CNBC they are in the early stages of a large-scale probe of a theft of invested assets. The police would not say if Mr. Nadel is a suspect in the theft or provide any other details about their investigation.
Post any information you may have on this Venture blog and the St. Petersburg Times will follow up.
-- Robert Trigaux, Times Business Columnist