TAMPA, FL. - Sarasota hedge fund manager Arthur Nadel turned himself into authorities at 9:45 a.m. Tuesday.
According to Agent David Couvertier with the FBI, Nadel, accompanied by two attorneys, was place under arrest at the FBI field office in Tampa.
Nadel, head of Scoop Management, was overseeing six hedge funds valued at more than $300 million. He is accused of operating an investment scheme much like the ponzi scheme connected to investor Bernie Madoff.
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