BREAKING NEWS: Arrests Made In Westridge Capital Management Case; FBI Alleges Massive Fraud
UPDATED 7:18 P.M. EST (U.S.A.) The FBI has made arrests in the Westridge Capital Management case. Paul Greenwood and Stephen Walsh, principals in WCM and an arm known as WG Trading of Greenwich, Conn., both were arrested. WCM is headquartered in Santa Barbara, Calif. Greenwood and Walsh were arraigned this afternoon in New York. Bail […]
Prosecutors Turn Up The Heat On Madoff

Ponzi schemes almost always have insiders, and sometimes the insiders may not even know they’re insiders. In an extraordinary revelation, federal prosecutors said this afternoon that Bernard Madoff took overt steps to distribute bonuses to preferred family, friends and employees after he realized the Ponzi he created was crashing down around him “[When] the defendant’s […]