Are Paul Greenwood and Stephen Walsh our latest Greenwich Wall Street scam celebrities?

They’re coming fast and furious, even if this one involves just a piddling $550 million.

NEW YORK — Two New York fund managers were arrested on charges they misappropriated $550 million, alleging they used funds invested by charities, university foundations and pension plans to finance their luxurious lifestyles.

Paul Greenwood, 61 years old, and Stephen Walsh, 64, were charged with conspiracy, securities fraud and wire fraud. The men were principals of a broker dealer called WG Trading Co. LP, with offices in Connecticut, New Jersey and New York.

Update: False alarm – offices at Lafayette Court but Greenwood’s from North Salem, Walsh from somewhere else. Our homies are going to have to try harder.

3 Comments

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3 responses to “Are Paul Greenwood and Stephen Walsh our latest Greenwich Wall Street scam celebrities?

  1. B1

    Offices at 1 Lafayette Place.

    The sub-lease market takes another hit.

  2. Walt

    This is priceless. You whiners. The Sacramento Retirement System is PAID to manage their employees money. It’s their full time job – that is ALL THEY DO.
    They hand $52 million dollars to guys who buy TEDDY BEARS with it, for Pete’s sake. You have to be friggen kidding me? If someone wanted you to take $52 million would you say no? NO!! So who screwed up?
    So now you know mu side. People BEGGED FFG to take their money and give it to Bernie. So we did. For 2/20%, which is the norm. At least we didn’t piss it away on TEDDY BEAR’S!! (a few filly’s maybe).

    So quite whining.
    http://www.kcra.com/money/18794659/detail.html
    Off to the clambake!!!
    Your teddy bear free buddy,
    Walt

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