Reuters - The U.S. Securities and Exchange Commission charged missing Florida money manager Arthur Nadel with fraud on Wednesday and accused him of recently transferring more than $1 million to secret accounts he held.
The Alberta Securities Commission has taken the unusual step of extraditing a Canadian man accused of fraud from California.
Douglas Wayne Schneider appeared in court in Calgary on Wednesday and was released on bail with conditions, the provincial regulator said in a statement.
“Securing extradition of a Canadian from the U.S. is highly unusual,” commission spokesperson Alison Trollope said in an email.
Hedge fund manager David Einhorn has scored the ultimate victory in his almost 10-year long short of Florida-based real estate developer and landowner The St. Joe Company. The Securities and Exchange Commission said he was spot on.