Daniel Hopsicker - March 20 2009
Another owner of the flight school in Venice Florida that trained Mohamed Atta and Marwan Al-Shehhi to fly is in trouble with the law; current owner Arthur G. Nadel, 75, was arrested recently for running a Ponzi scheme which methodically looted investors in his Sarasota-based hedge funds of more than $300 million.
Nadel’s arrest marks the second time in recent years that the owner of Huffman Aviation, the FBO (fixed base of operations) at the Venice Airport has been involved in crimes traditionally associated with the Mob.
Ponzi schemes, of course, are a trademark Mafia specialty. So, too, is the crime of heroin trafficking in which previous owner Wally Hilliard was implicated.