Remains of note from Arthur Nadel to his wife

January 27, 2009 

Authorities during their investigation into Sarasota hedge fund manager Arthur Nadel also found in a shredding machine the remains of a hand-written letter he wrote to his wife, Peg.

Court documents show the letter, in part, read:

“If you want to survive this mess, what follows is for your eyes only. I strongly suggest that you destroy it after reading ... The avenues to money for you will likely be blocked soon. You must use the trust (yours) to your benefit as much and as soon as possible. Please look for the (bank) credit card account and you will see a large credit balance that can be used in the usual way or to withdraw cash. Withdraw as much cash as you can, as this account might also become blocked.

“I have deposited enough in the Scoop Management acc[ount] for about a month; the same with Tradewind [and] Home Front Homes as well as Laurel Mtn. The Jet Center is self supporting as you know.

“All the bills will come to 3966 and I have closed the (P.O. box). Look at all the recently paid bills in the ‘package’ to see where they stand. Also in the package are enough documents that I think will do the trick to give you complete control and ownership of what is left, and even documentation for divorce. Sell the Subaru if you need money. I will send you a letter in a day or two so to tell you ...”

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