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Ponzi Or Never Happened
pheedo.com - 2/25/2009
Ponzi Or Never Happened
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Perp walk in Greenwich: CNBC reports that Paul Greenwood and Stephen Walsh, principals of WG Trading are being held in FBI custody, for allegedly "'mismanaging" clients' money to the "sum of possible hundreds of millions of dollars." No word on (yet) on which special needs community was ...
Ponzi du Jour and 'Ponzi-Palooza' From C.F.T.C.
dealbook.blogs.nytimes.com - 3/2/2009
Ponzi du Jour and 'Ponzi-Palooza' From C.F.T.C.
— dealbook.blogs.nytimes.com — Friday's suspected Ponzi scheme comes courtesy of the Commodity Futures Trading Commission, where a top official says... that so many people are sending in tips that "there's a Ponzi-palooza out there." The C.F.T.C. accused the owner of an unregistered ... (more) Ponzi du Jour and 'Ponzi-Palooza' From C.F.T.C.

Comments vote down Rolfe Winkler found this 3/2/2009found this
Wave of “Anti-Ponzi” Legislation May be Coming
securitiesdocket.com - 3/5/2009
Wave of “Anti-Ponzi” Legislation May be Coming
— securitiesdocket.com — Several states and Congress are considering new legislation as part of an effort to prevent future Ponzi... schemes. The National Law Journal reports that Florida and Connecticut lawmakers have both proposed legislation in this area, and that the U.S. Congress has, as well. In Florida, ... (more) Wave of “Anti-Ponzi” Legislation May be Coming

Comments vote down bcarton bcarton posted 3/5/2009posted this
Daren Palmer Ponzi Scheme Fraud Case Notes
richard-wilson.blogspot.com - 3/2/2009
Daren Palmer Ponzi Scheme Fraud Case Notes
— richard-wilson.blogspot.com — Daren Palmer Fraud Draen Palmer Ponzi Scheme Case Below are details on yet another recent ponzi scheme... to be uncovered. One positive aspect of this financial down turn and recent redemption requests is that it helps us weed out a good percentage of these individuals. If the markets were ... (more) Daren Palmer Ponzi Scheme Fraud Case Notes

Comments vote down rich4495 rich4495 posted 3/2/2009posted this
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Related: walsh greenwood, paul greenwood
Money Managers Held in New Fraud Case — DealBook
For two decades, Paul Greenwood and Stephen Walsh looked like Wall Street wizards. Their supposed investment prowess lured hundreds of millions of dollars from public pension funds and universities and earned the two lavish trappings of success: stately homes, a stake in the New York Islanders ...
How Big Is This Westridge Scam? — IEHI Feed: The Hedge Fund Implode-o-Meter
" How big is the fraud that led to the arrest of money managers Stephen Walsh and Paul Greenwood? The two men are accused of fraud and using client funds for personal use, including buying horses and a house for Walsh's ex-wife."
The teddy bear fraud — FT Alphaville
One thing jumped out at us in a cursory reading of the CFTC's complaint against Stephen Walsh and Paul Greenwood - who, moments ago, were accused by the regulator of operating a "$1.3bn investment scam". This (emphasis ours): 40. During the relevant period, Greenwood and Walsh misappropriated ...
Another scam… CFTC charges individuals over $1.3bn commodity market fraud — FT Alphaville
From the CFTC: CFTC Charges New York Residents with Operating $1.3 Billion Investment Scam Stephen Walsh and Paul Greenwood Allegedly Misappropriated Over $553 Million from Commodity Pool Participants Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today charged Stephen ...
Futures traders charged in alleged $1.3 bln scam — IEHI Feed: The Hedge Fund Implode-o-Meter
From at least 1996, Walsh and Greenwood raised roughly $1.3 billion from investors for Westridge Capital Management, WG Trading Investors LP and other investment vehicles. They "falsely depicted" that all investors' money would be used in an index arbitrage strategy. But roughly $553 ...