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Dec. 2008..The U.S. Securities and Exchange Commission in January 2010 charged the father-and-son investment team of Neil and Chris Moody with securities fraud, accusing them of lying to investors about the hedge funds they managed with Arthur (Art) G. Nadel...The SEC complaint states the Moodys "recklessly" misled investors in a variety of ways in their roles in the "massive" fraud...The federal civil charges against the duo come nearly one year after the collapse of the six hedge funds that they operated with Nadel from downtown Sarasota...The Moodys and Nadel told their clients the funds were valued at nearly $400 million, when in fact they were nearly worthless...CONTACT: Carla Hotvedt at SILVER IMAGE® Photo Agency at 352.373-5771 or carla@silverimagephotoagency.com..
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