Friday, July 24, 2009
Grant McCool, Reuters,
Grant McCool, Reuters,
Financiers Greenwood, Walsh indicted for fraud
NEW YORK (Reuters) - Two U.S. money managers arrested in February on charges of running a $554 million fraud at their firm for more than a decade, have been indicted by a grand jury, according to court documents released on Friday.
Paul Greenwood and Stephen Walsh were charged with conspiracy, securities fraud, commodities fraud, two counts of wire fraud, and money laundering in the indictment in U.S. District Court in Manhattan.
U.S. prosecutors are demanding that the men forfeit at least $131 million of investor money they received in the purported conspiracy at WG Trading and WG Investors between 1996 and February this year, according to the court papers.
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Posted by Editor on 07/24/09 at 07:14 AM •
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