Arthur Nadel Ponzi Scheme Real Estate Auction in Raleigh, NC

Mar 06, 2012, 17:09 ET from Iron Horse Auction Company, Inc.

RALEIGH, N.C., March 6, 2012 /PRNewswire/ -- It was announced today that Iron Horse Auction Company, Inc. of Rockingham, N.C. & Swicegood Auctions of Mocksville, NC will sell an Office Building located in Raleigh, NC. The auction will take place on April 12, 2012 at 2pm and will be held rain or shine. This building is being sold for the United States District Court of the Middle District of Florida, Tampa Division, Nadel Ponzi Scheme, Case No. 8:09-CV-87-T-26TBMIN.

The auction will be held On Site at 4905 Waters Edge Drive, Raleigh, NC in Waters Edge Office Park.  This two-story office building is approximately 22,567+/- sq.ft. on 1.82+/-Acres and is located within the Raleigh Beltline. It is constructed of cut block with wood siding with related paving and landscaping and is complete with a continuous power supply.

Nadel is a disbarred attorney who was convicted of investment fraud in Florida.  Nadel is currently serving a 14-year sentence in the Federal Prison System for his part in the scheme.

Thomas McInnis of Iron Horse states, "It is a great opportunity to buy an Office Building of this quality being sold by the US Receiver. We look forward to conducting this important auction."

For further information, go to or call:

For interviews, contact:
Thomas McInnis at 910-997-1555
Iron Horse Auction Company, Inc.
174 Airport Road
Rockingham, NC 28379

SOURCE Iron Horse Auction Company, Inc.