New York fund manager pleads guilty to Belize airport scam – Global Rubber Markets

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NEW YORK (Reuters) – A New York funding manager pleaded guilty on Wednesday to operating a $21.9 million fraud by which he falsely advised dozens of buyers their cash was getting used to construct a world airport in Belize, the U.S. Department of Justice stated.

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New york fund manager pleads guilty to Belize airport scam – Global Rubber Markets A hedge fund manager in Florida who bilked millions of dollars from investors, then briefly disappeared as investigators closed in, pleaded guilty on Wednesday to securities fraud, The Associated Press reported.. The fund manager, Arthur Nadel, 77, apologized.

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