By: Lisa Blackwell Email
By: Lisa Blackwell Email

SARASOTA, Fla. (AP) - Authorities in Florida say they believe a
missing hedge fund manager who owed investors a $50 million payout
staged his disappearance.

The Sarasota County Sheriff's Lt. Chuck Lesaltato says the
department is ending its involvement in the search for Arthur G.
Nadel after finding no signs of foul play. The FBI is leading the
investigation.

Also on Tuesday, Mace Security International announced that
Nadel owes them $2.2 million.

Nadel disappeared last Wednesday, after leaving his family a
note indicating he was going to kill himself. Investigators found
his car in a Sarasota airport parking lot the next day.

The pepper spray manufacturer says they were expecting a $2.2
million redemption on Jan. 15 but they were told the deposits could
not be located.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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