Yet another money manager is on the lam. Gosh, we’ve already had a D.B. Cooper type, a fugitive Russian banker, at least two Ponzi schemes uncovered by the S.E.C., one focusing on Haitian -Americans the other on Catholic priests, and the market has only just started to crash! Imagine the fun as the receding tide uncovers these frauds by the dozens. Here’s the latest crook to take to his heels – I’d say he looks too old for a life of crime but Bernie Madoff’s 70 and Walt Noel will be 79 on his next birthday, if he remembers his next birthday. Of course, looking at that former beauty queen wife of Art’s, it’s possible he’s just run away with the counter girl from Dunkin’ Donuts.
Update: Here’s another one, in Idaho! This is getting to be really fascinating.
Peg Nadel and Art Nadel
Music credits: Sunday in New York by Ralph Moore, Who It Is You Are, Savoy Records