WG Trading Co. officer Stephen Walsh, accused of conspiring in a securities-fraud scheme that misappropriated at least $554 million from clients to purchase horses and cars, will go on trial on July 8, a federal judge ruled.
Hedge fund manager Paul Greenwood , the general partner of WG Trading Co., pleaded guilty to six charges including conspiracy and securities fraud and is cooperating with the U.S. against co-defendant Steven Walsh .
The collection of teddy bears and soft toys belonging to Paul Greenwood , a hedge-fund manager who pleaded guilty to fraud charges, has sold at auction in London for 1.1 million pounds ($1.75 million.)
Deloitte & Touche LLP won dismissal of a lawsuit filed by an Iowa pension fund over the auditing of WG Trading Co., a company that U.S. prosecutors said was used as a Ponzi scheme by two of its former managers.
Jon S. Corzine, MF Global Holding Ltd.’s former chief executive officer, may face potential legal liability if investigators show he knew customer money might be used when he ordered $200 million transferred to a U.K. account as his brokerage neared collapse, Bloomberg News’ Linda Sandler and Phil Mattingly report that former prosecutors said.
The receiver in charge of liquidating WG Trading Co., the firm allegedly used in a Ponzi scheme by former managers Paul Greenwood and Steven Walsh , sued to recover profit made by investors including American International Group Inc. ’s SunAmerica Life Insurance unit.
The receiver in charge of liquidating WG Trading Co., the company allegedly used in a Ponzi scheme by former managers Paul Greenwood and Steven Walsh , sued to recover $21 million in profit from a Cooper Industries Inc. trust.
Three former bankers with a General Electric Co. unit that sold investment contracts to state and local governments were indicted for conspiring to profit at taxpayers’ expense by rigging bids, showing the broadening scope of a Justice Department investigation of municipal finance.