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Florida Money Manager Art Nadel Reported Missing
Topics:Banking
Sectors:Financial Services | Banks
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Florida money manager Art Nadel, who works for Sarasota-based Valhalla Management is missing, CNBC has learned.
Nadel's wife, Peg, confirmed 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.
Separately, the Sarasota police confirm 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.
© 2009 CNBC.com
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