Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Wiand Guerra King Announces Second Distribution to Victims in Nadel Receivership

TAMPA, Fla., Nov. 16, 2012 /PRNewswire/ -- The law firm of Wiand Guerra King is pleased to announce on behalf of Receiver, Burton W. Wiand, that the Honorable Richard A. Lazzara, United States District Judge, of the District Court for the Middle District of Florida today entered an Order approving a Motion made by the Receiver authorizing the distribution of additional proceeds from the Receivership estate to investor victims of the Arthur Nadel Ponzi scheme.  Mr. Wiand was appointed Receiver with respect to this massive fraud at the suggestion of the Securities and Exchange Commission and since January of 2009 has been engaged in efforts to secure and liquidate assets and collect funds for the benefit of defrauded investors and other creditors.  Starting with only approximately $600,000 in receivership accounts in January of 2009, the efforts of Mr. Wiand and his attorneys, accountants, and others have resulted in recoveries for the Receivership estate to date in excess of $60 million.  The Order entered by Judge Lazzara  authorizes the distribution of $22 million that will result in a return to date to defrauded investors of over 36% of their approved claims.  The Receivership continues to hold over $11 million for continued expenses of the receivership and as reserves for certain disputed claims.

The funds that have been collected for distribution to date have been gathered from settlement of clawback lawsuits, claims against financial institutions that worked with Arthur Nadel, and recovery and liquidation of assets that had been acquired by Arthur Nadel, his wife and others who worked with Arthur Nadel's fraudulent scheme.  Recently the Receiver resolved a lawsuit against Holland & Knight LLP in the amount of $25 million resulting in a net recovery for the Receivership of over $18.6 million.  Mr. Wiand still has clawback claims pending against individuals and entities who received profits from the Ponzi scheme or who unfairly benefited from distributions made by Nadel.  A significant lawsuit is also pending against Wells Fargo Bank, an institution that provided banking services to Nadel.  Additional funds are being recovered from the U.S. Treasury Department by Mr. Wiand's team through the filing of amended income tax returns on behalf of participants in Nadel's scheme who paid taxes on non-existent income.  Mr. Wiand stated that "the Holland & Knight settlement has added significant sums for distribution to Nadel's victims.  There is more work to be done and I hope our successes for Nadel's victims continue."

The team of lawyers, accountants, and other professionals who are working for the Receiver will continue vigorous efforts to secure funds owed to the Receivership estate in order to return to investor-victims and creditors as much of what they have lost as possible.  Mr. Wiand further stated "as further recoveries are made, objections are resolved and reserves released I will make additional distributions as promptly as is practical."

For further information, contact Jordan Maglich at Wiand Guerra King P.L. at 813.347.5100 or jmaglich@wiandlaw.com.

Wiand Guerra King P.L.
3000 Bayport Drive, Suite 600
Tampa, Florida 33607

SOURCE Wiand Guerra King P.L.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 201...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the I...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framewo...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE