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Wrong Neil Moody?

Neil V. Moody

Co-Chair

JFCS's Annual Gala

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

JFCS's Annual Gala

Background Information

Employment History

Vice President

Paine Webber


Affiliations

Valhalla Investment Partners LP

Founder


YMCA

Director


Sarasota County Arts Council

Board of Trustees Member


St. Stephens Episcopal School

Board Member


St. Stevens School

Board Member


Bankers Trust Company

Assistant Treasurer


Education

degrees

economics and finance

Lehigh University


Web References(38 Total References)


www.sarasotamagazine.com

Along with Neil and Chris Moody-a father-and-son team of investment advisers-Nadel managed six hedge funds that from 1999-2009 attracted $330 million by touting annual returns as high as 55 percent, even as the funds secretly lost money.
In any case, Art's amazing returns soon attracted the attention of Neil Moody, a Paine Webber VP, who in early 1999 used family money to launch the first of the hedge funds-"Valhalla"-with Art and his mysterious black box making all the trades. Within Sarasota's well-heeled philanthropic community, Arthur Nadel and Neil Moody gained "that badge of believability," Bentley says. In the Winter 2007-2008 Jewish Family and Children's Services of Sarasota-Manatee newsletter, Arthur and Peg are honored with a National Family Week Advocacy Award, while Neil Moody appears as a co-chair of the JFCS's Annual Gala held at the Sarasota Ritz-Carlton's Grand Ballroom. But many of the victims express outrage that Neil and Chris Moody-who as fund officers received another $42 million in management fees-have never been criminally charged. "I never had any contact with Arthur Nadel," one wrote, "my only contact was Neil Moody and then later Chris [Chris joined the funds in 2003]...I was astounded when Chris Moody informed me that all of the money was gone, [and] he & Neil had no idea what was going on...[Nadel] deserves NO sympathy. "I never had any contact with Arthur Nadel," one wrote, "my only contact was Neil Moody and then later Chris [Chris joined the funds in 2003]...I was astounded when Chris Moody informed me that all of the money was gone, [and] he & Neil had no idea what was going on...[Nadel] deserves NO sympathy. "Chris and Neil Moody had very good counsel. But Neil, now 74, and Chris, 38, both settled civil securities fraud charges by agreeing to "disgorge" any remaining Ponzi money. One of those defrauded was Neil Moody's ex-wife, Sharon. "When all of this first happened, Sharon [told] Neil, 'Honey, I will live in a tent with you.' She had money because she was a widow. She fell in love with Neil in a big, big way and he invested all of her money and she lost everything." I could no longer be married to a man like Neil Moody when I learned of the allegations against him. "If Neil had any suspicions," Peg says, "he kept them to himself. The money was coming in and he was using it. Neil and Chris were the ones who brought investors in. And neither did I. It was Neil who showed the way. The Moodys have since left the area; Chris and his wife, Tamara, are living in Ocean Springs, Miss., and Neil is in Parker, Colo. One must believe that for 10 years, financial advisers Neil and Chris Moody never once verified the amounts that Nadel reported were in the hedge funds or had an external audit performed, as they have claimed.


www.yourlawyer.com [cached]

Viking IRA, Valhalla and Viking funds were managed by Nadel under contract with his partner and Valhalla founder Neil Moody.


www.being-diligent.com [cached]

It appeared that the bottom fell out of the stock markets, however, Neil Moody didn't care much.
On his December 10, 2008 letter, he repeated his usual statements: Not only is your money safe, but generating profits. The returns generated by Arthur's black box trading program called Microstar was too good to miss for Neil, a former Paine Webber stock broker, who moved from New York to Sarasota, Fl. Neil established Valhalla, a hedge fund, and convinced both Arthur and Arthur's investors to invest so that the pair can make a big money through 2% management and 25% incentive fees over the S&P 500 Index hurdle. After Arthur went missing, Neil sent investors a shocking letter stating: Investors later learned that Arthur started losing money soon after Neil established Valhalla in 1999 and, to perpetuate this Ponzi scheme, Arthur caused the funds to use capital from new or existing investors to pay original investors "trading gains" as reflected on their false monthly statements. Afraid of revealing his losing trades, Arthur threatened to stop providing investment advice when Neil insisted on auditing the funds. SEC v. Neil Moody and Christopher Moody, January 11, 2010, http://www.sec.gov/litigation/litreleases/2010/lr21372.htm


www.aboutweston.com [cached]

Moody's Investors Service stopped short of saying when--or if--this might lead to a drop in credit ratings for particular states.
Moody's found Connecticut is one of four states, along with Hawaii, Massachusetts and Illinois, with the highest debt- and pension-funding needs. Moody's Investors Service has begun to recalculate the states' debt burdens in a way that includes unfunded pensions, something states and others have ardently resisted until now. Moody's did not indicate whether states' credit ratings may rise or fall. Under its new method, Moody's found that the states with the biggest total indebtedness included Connecticut, Hawaii, Illinois, Kentucky, Massachusetts, Mississippi, New Jersey and Rhode Island. That is because Moody's counted only the unfunded portion of states' pension obligations. In the past, Moody's looked at a state's level of bonded debt alone when assessing its creditworthiness. In making the change, Moody's sidestepped a bitter, continuing debate about whether states and cities were accurately measuring their total pension obligations in the first place. In adding together the value of the states' bonds and their unfunded pensions, Moody's is using the pension values reported by the states. In a report that is being made available to clients on Thursday, Moody's acknowledges the controversy, pointing out that governments and corporations use very different methods to measure their total pension obligations. Moody's noted in its report that it was going to keep using the states' own numbers, but said that if they were calculated differently, it "would likely lead to higher underfunded liabilities than are currently disclosed." After adding up the values of each state's bonds and its unfunded pensions, Moody's compared the totals to each state's available resources, something it did in the past only for each state's bonds. Moody's also ranked total indebtedness on the basis of each state's total economic output and its population. It did not factor state promises for retiree health care into its analysis, on the thinking that pensions are a fixed debt like bonds, but retiree health plans can usually be renegotiated. Mr. Kurtter said Moody's was not suggesting that any state was in such serious trouble that it was about to default on its bonds, something considered extremely unlikely by many analysts. Mr. Kurtter said Moody's had decided it was important to consider total unfunded pension obligations because they could contribute to current budget woes. The newspaper reported that Neil Moody, an associate of Mr. Nadel, told investors in a statement that the funds "may have virtually no remaining value. It said Mr. Moody had contacted the U.S. Securities and Exchange Commission and other authorities to report the situation.


www.heraldtribune.com

A court-appointed receiver has identified $397 million that Nadel and his hedge fund associates Neil and Chris Moody took in from investors, nearly $100 million more than was estimated back in January, when their hedge fund operation fell apart.
Nadel disappeared on Jan. 14, leaving business partner Neil Moody to announce to investors that the millions they thought were under management at Scoop Management LLC had disappeared as well.


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