Nadel victims get $10M from GS

TAMPA -- Goldman Sachs Execution & Clearing LP, part of The Goldman Sachs Group Inc. (symbol: GS), offered a $9.85 million settlement to the victims of the Ponzi scheme perpetrated by Arthur Nadel.

Nadel was sentenced to 14 years in prison last October for causing $162 million in damage to hundreds of Floridians.

The receiver in the Nadel case is Burton Wiand, of Wiand Guerra King PL. In response to Goldman Sachs' offer, Wiand has contacted the investors defrauded by Nadel seeking approval of the settlement.