Tag: WG Trading
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More Pension Funds Frozen In Westridge Capital Management Case; San Diego County Was Pulling Out Of Fund As University of Pittsburgh Was Increasing Stake
Westridge Capital Management (WCM) and affiliate WG Trading appear to have been trolling for cash to sustain the deception until the bitter end. Even as one public retirement system was pulling out and demanding a return of invested funds, another one was increasing its stake. In January, just weeks before the firms were exposed as…
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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…