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Wednesday, February 25, 2009

02/25/09 The Raw Greenwich Blog And RSS Feed - - Bloggers Who Are From, Work In Or Used To Live In Greenwich

Extra, Extra:

Greenwich Print News Industry Dying!


Greenwich Citizen Journalist And Bloggers Expanding!





Tribune Company's Greenwich News RSS Feed
2 ex-Islanders execs arrested in investment scam


Two former executives of the New York Islanders were charged Wednesday by federal officials with misappropriating more than $500 million in client investment...

Today's Greenwich Time Most Emailed Web Article - RSS Feed
North Mianus gets new principal


An assistant principal who taught at the town's first magnet school and now heads the school administrators' union has been appointed principal of North ...

Today's Greenwich Time Letters To The Editor
Letters from readers -- Town finances


Town budget situation needs proper handling To the editor: Our town administration has lost its bearings.....

EDDIE "Greenwich Native" ROSS
It's All in the Details


One question we often hear from readers is how long it takes me to do all the things I do, whether creating a flower arrangement or setting a table, styling ...

The Latest From Claudette Rothman, AKA,Greenwich Diva
Kara DioGuardi answered Paula Abdul’s comments about her….meow. -


Meow, yeah, that’s right the catfight is on! Paula Abdul’s comments this week about “American Idol” adding fourth judge, Kara DioGuardi, to the show was a ...

For What It's Worth By Riverside Blogger Chris Fountain
Ah, but the election’s over!


Reader Kidding Really sends this link to a wonderful video of Democrat pols defending Franklin Reins, Fannie Mae and Freddie Mac and denouncing as a witch ...

Jane Genova: Speechwriter - Ghostwriter
"Why was Michell wearing a 'cocktail' dress?" - Ann Pomerleau


Connecticut consultant and political activist Ann Pomerleau reports in on the President's address last night: "I was impressed. He 'talked' to the American ...

Today's Greenwich Time Most Viewed Web Article - RSS Feed
UConn dominates state's top-salary list


HARTFORD -- Days after University of Connecticut men's basketball coach Coach Jim Calhoun snapped at a question about his salary, the state released a list...

Greenwich Time: Food - RSS Feed
Learn to make the staff of life


Bread is fundamental food. It fills and sustains us. Like music, it speaks a universal language; we recognize it anywhere and enjoy it everywhere.

The Daily Spurgeon
Walking according to His path


God would have his people work according to his own revealed will. We must be very tender and jealous here. Whatever may he the opinions about the altera...

The Fox Trot By Nick "The Sly" Fox
ECW Results for 2/24: Christian NEW ECW Champ!?


* Dark Match: Kofi Kingston defeated Ryan Braddock with his kick. Before the match, Braddock cut a promo saying that he would headline WrestleMania 27. * ...

Ex-Greenwich Time Managing Editor Bernie Yudain
The only surplus we have is with cliches


Yielding to a tidal wave of demand from our readers, we prevailed upon the infamous Dr. Finster, renown authority on cliches, to sit still for another ...

Publicani By Dr. Zak Maymin Of Greenwich
Dear Obama: I have ten questions about your speech


1. You said: “Now, if we’re honest with ourselves, we’ll admit that for too long, we have not always met these responsibilities — as a government or as a p...

Greenwich Geek David S. Isenberg's musings at isen.blog
Quote of Note: President Obama


"Our American story is not -- and has never been -- about things coming easy. It’s about rising to the moment when the moment is hard, converting crisis in...

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02/25/09 Next Month The Greenwich Police Palace Will Have An Inspection To Obtain A Temporary Certificate Of Occupancy

Construction on the new police station is nearing completion. (Keelin Daly/Greenwich Time photo)

The Headlines:

New $33 Million Dollar Police Facility Ahead Of Scheadule

Greenwich Police Chief David Ridberg: The Department Is Prepared To Make A Seamless Transition. No Police Operations Will Be Affected.

The Quotes:

"There are a lot of safety features in the new building we don't have now," said Sgt. John Slursarz

"Space is really important. We will have more interview space and more active cells," said Sgt. David Nemecek

"The old building was inadequate," said First Selectman And Police Commissioner Peter Tesei "There will be more storage for evidence and more room to take prisoners."

The Story:


The doors of the police department's new headquarters could open as early as July, building officials said, pleasing news for town officials and police officers tired of the current outdated facility.....

....Ridberg also noted how the new building will enable the department to hold training classes and other functions at its own facilities, something the current building does not permit....

....Officials said the biggest task in moving will be transferring the radio system. The police department has budgeted $868,000 to coordinate the move of the system, officials said.

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02/25/09 Wall Street Journal: Bearly Legal? Investment Managers Charged with Fraud

Another day, another alleged fraudulent investment scheme. Two men, Paul Greenwood and Stephen Walsh, were arrested and charged Wednesday with misappropriating more than $550 million in client funds in what prosecutors allege was a commodities trading and investment scam. Here’s a copy of the criminal complaint.

They were charged with conspiracy, securities fraud and wire fraud. The men were principals at a broker dealer called WG Trading Co. LP, which had offices in New York, Connecticut and New Jersey. Prosecutors have alleged that Greenwood and Walsh solicited funds between 1996 and February 2009 from institutional investors, who were then offered the opportunity to invest through different mechanisms.

So why the teddy-bear picture? We though you might ask. In a separate civil complaint, the SEC alleges that Walsh and Greenwood used client funds invested in WG Trading as “their personal piggy-bank to furnish lavish and luxurious lifestyles, which include the purchase of multi-million dollar homes, a horse farm, cars, horses, and rare collectibles such as Steiff teddy bears.”

Neither Walsh nor Greenwood — nor either representatives for either man — could be reached for comment. They were slated to be arraigned Wednesday afternoon.

Update:

Lawyers for Walsh and Greenwood declined to comment Wednesday afternoon. Greenwood is being repped by Dechert’s Robert Jossen; Walsh by Morvillo Abromowitz’s Richard Weinberg.
Source: WSJ Law Blog
RELATED ARTICLES:
Two Accused Greenwich Traders Face Up To 20 Years In Prison And Over 5 Million In Fines

FOR IMMEDIATE RELEASE

Two Investment Managers Arrested on Fraud Charges

NEW YORK -- Lev L. Dassin, the Acting United States Attorney for the Southern District of New York, and Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the FBI's New York Field Division, announced today that Paul Greenwood
Greenwich Time Managing Editor Bruce Hunter Had Better Get MOOOOOVING......

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today charged Stephen Walsh
GREENWICH FRAUDSTERS, PAUL GREENWOOD AND STEPHEN WALSH NOT ONLY MISMANAGED INVESTORS MONEY AT WG TRADING THEY MISMANAGED THE NEW YORK ISLANDERS TOO

From at least 1996, Walsh and Greenwood raised roughly $1.3 billion from investors....
New York Daily NewsBY
DAILY NEWS STAFF WRITER
Two former members of the New York Islanders' infamous Gang of Four ownership group were arrested on securities fraud charges today for swindling top-flight universities out of hundreds of millions of dollars.
You Won't Read This In The Greenwich Time, The Greenwich Citizen Or The Greenwich Post ......
Here Is A Picture Of Greenwich Fraudster Paul "I am Not Cooperating With No Stinking Audit" Greenwood Who Is Now Under Arrest
Newsday, NY
NEW YORK - The FBI says the operators of a Connecticut-based firm company have been arrested in New York on securities fraud charges.
Paul Greenwood and Stephen Walsh, principals of WG Trading Company LP, were awaiting a federal court appearance in Manhattan on Wednesday.Earlier this month, a regulatory agency for the U.S. futures industry suspended Greenwood and Walsh, accusing them of refusing to answer questions about the transfer of $350 million to another fund.

Do We Have A Mini-Bernie Madoff Ponzie Scheme
Right Here In Greenwich?

THE HEADLINES:

YOU THOUGHT FAIRFIELD GREENWICH GROUP WAS BAD:
What About WG Trading?

Paul Greenwood And Stephen Walsh Make Greenwich Resident Walter "Feeder Fund" Noel Look Like A Boy Scout

University of Pittsburgh and Carnegie Mellon University files Federal lawsuit against Greenwich Traders Paul Greenwood and Stephen Walsh

Pitt and CMU have also notified the Securities and Exchange Commission and the Commodities Futures Trading Commission About Greenwood And Walsh

THE QUOTE:

"We don't want to talk with you. Why would we want to talk to a reporter," said a woman at Paul Greenwood's Westchester, N.Y., home who identified herself as his wife.

THE STORY:

.....The MRA suspends Greenwood and Walsh from NFA membership indefinitely. The MRA also prohibits Greenwood and Walsh or anyone acting on their behalf from soliciting or accepting any customer or pool participant funds and they are prohibited from placing trades for any pools that they operate or control except to liquidate existing positions. Additionally, the MRA prohibits them from disbursing or transferring any funds from any accounts which either of them own, control or which are held in either of their names without prior approval from NFA......

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02/25/09 GREENWICH PUBLIC SCHOOLS PRESS RELEASE: North Mianus Principal Appointment

Superintendent of Schools, Dr. Betty J. Sternberg, has announced the
appointment of Mrs. Angela Schmidt as Principal of North Mianus School, effective July 1,
2009.

See attached for more information


Photo also attached, not best quality, but it is all that I was able to
obtain.

Kim Eves
Director of Communications
Greenwich Board of Education
290 Greenwich Avenue
Greenwich, CT 06830

http://www.greenwichschools.org/

Phone: 203-625-7415
e mail: kim_eves@greenwich.k12.ct.us
Fax: 203-869-8003

****************************************

SUPRINTENDENT APPOINTS NORTH MIANUS SCHOOL PRINCIPAL

(For immediate release: Greenwich, CT – Wednesday, February 25, 2009)

Superintendent of Schools, Dr. Betty J. Sternberg, has announced the appointment of Mrs. Angela Schmidt as Principal of North Mianus School. Mrs. Schmidt is a highly qualified teacher and administrator and has spent the last nine years with the Greenwich Public Schools. An experienced leader, Mrs. Schmidt has held the position of Assistant Principal at three of our elementary schools and is currently the Co-President of the Greenwich Organization of School Administrators (GOSA). In her most recent position as Assistant Principal at New Lebanon School, she provided invaluable expertise in the school’s ongoing transition to a magnet status and in guiding staff in the implementation of the International Baccalaureate Primary Years Programme. She is adept at data driven decision-making and has clearly demonstrated what it means to be an instructional leader. Dr. Sternberg said, “Mrs. Schmidt has the vast knowledge, skills and experience necessary to bring North Mianus students to higher and higher levels of achievement. Her infectious energy and commitment will serve the North Mianus community well.”

Bio Brief for Angela Schmidt

An educator for twenty-four years, Mrs. Schmidt began her teaching career as a Kindergarten and 1st grade teacher at Christa McAuliffe Elementary in Palm Bay, FL in 1985. She moved to Riviera Elementary School in the same town in 1988 and remained there until 1996. During that time, she taught various grade levels, including multi-age classes; she was named Teacher of the Year in 1992, and she spent a year in Leeds, UK as a Year One teacher at Potternewton Primary School. In 1996, Mrs. Schmidt moved to Milan, Italy where she spent four years as a teacher of various primary grades at the American School of Milan. In 2000, she returned to the United States and became part of the inaugural staff at Greenwich Public Schools’ first magnet school, The International School at Dundee. In 2004, Mrs. Schmidt was promoted to Assistant Principal of Hamilton Avenue School, assisting in the move to the modular unit and the educational specifications for the new building. In 2005, Mrs. Schmidt returned to the International School at Dundee as the Assistant Principal. In 2008, she moved to New Lebanon School as Assistant Principal and has been instrumental in assisting the school in their transition to a magnet school and implementing the International Baccalaureate Primary Years Programme. Mrs. Schmidt is skilled at organizing staff in the review of data to identify student needs and to plan for strategies to meet the needs of all students. She is trained in the International Baccalaureate Programme, a mentor /coach for beginning teachers, and is an active member of numerous District and school-based curriculum and program committees. Mrs. Schmidt received her Bachelor of Science in Elementary Education from State College University, Oneonta, NY; her Masters in International Education from Framingham State College, Framingham, MA, and her Principal Certification from the College of New Jersey in Trenton, NJ.

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02/25/09 Didn't Greenwich Time Managing Editor Bruce Hunter Or Hearst Newspaper Business Editor Jim Zebora Get The Department Of Justice Press Release


Two Accused Greenwich Traders Face Up To 20 Years In Prison And Over 5 Million In Fines

FOR IMMEDIATE RELEASE

Two Investment Managers Arrested on Fraud Charges

NEW YORK -- Lev L. Dassin, the Acting United States Attorney for the Southern District of New York, and Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the FBI's New York Field Division, announced today that Paul Greenwood, 61, of North Salem, N.Y., and Stephen Walsh, 64, of Sands Point, N.Y., were arrested this morning on conspiracy, securities fraud and wire fraud charges

According to a three-count complaint unsealed today in Manhattan federal court, from at least 1996 through February 2009, Greenwood and Walsh ran a fraudulent commodities trading and investment advisory scheme using an entity they controlled called WG Trading Investors. Through a marketer, Greenwood and Walsh solicited investor funds on the understanding that they would invest the funds in a program called "enhanced stock indexing," which they represented was a conservative trading strategy that had outperformed the results of the S&P 500 Index for more than 10 years.

Several institutional investors -- including charitable and university foundations, retirement and pension plans and others -- invested more than $668 million through WG Trading Investors, receiving in exchange promissory notes issued by WG Trading Investors that the defendants represented would pay interest at a rate equal to the investment returns earned by the enhanced stock indexing strategy.

Contrary to their representations to their investors, Greenwood and Walsh are alleged to have misappropriated the majority of the investor funds. Among other things, Greenwood is alleged to have used the funds to purchase expensive collectible items and horses, as well as for other personal expenditures. Walsh is alleged to have misappropriated investor funds for himself, and to have made large cash payments to his ex-wife.

Both Greenwood and Walsh executed promissory notes in favor of WG Investors with respect to the investor funds they misappropriated and to conceal trading losses. These promissory notes totaled approximately $293 million for Greenwood and approximately $261 million for Walsh.

In February 2009, the National Futures Association (NFA) conducted an audit of WG Investors and related entities. In the audit, the NFA discovered that of approximately $812 million purportedly on the books of WG Investors, more than $794 million was booked as receivables due from Greenwood and Walsh and investments in entities that they controlled.

The charges contained in the complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

Greenwood and Walsh surrendered this morning to the FBI and are expected to be presented today before United States Magistrate Judge Douglas F. Eaton in Manhattan federal court.

Greenwood and Walsh are each charged with one count of conspiracy to commit securities fraud and wire fraud, one count of securities fraud and one count of wire fraud. The conspiracy count carries a maximum sentence of five years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense. The securities fraud count carries a maximum sentence of 20 years in prison and a maximum fine of $5 million, or twice the gross gain or loss from the offense. The wire fraud count carries a maximum sentence of 20 years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense.

Mr. Dassin praised the investigative work of the FBI in this case, and thanked the Securities and Exchange Commission, the United States Commodity Futures Trading Commission and the NFA for their assistance. He added that the investigation is continuing.

Assistant U.S. Attorneys John J. O'Donnell, Jessica A. Roth and Amy Lester are in charge of the prosecution.

U.S. Department of Justice
PLEASE SEE:

Greenwich Time Managing Editor Bruce Hunter Had Better Get MOOOOOVING......
CattleNetwork.com, KS

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today charged Stephen Walsh

GREENWICH FRAUDSTERS, PAUL GREENWOOD AND STEPHEN WALSH NOT ONLY MISMANAGED INVESTORS MONEY AT WG TRADING THEY MISMANAGED THE NEW YORK ISLANDERS TOO

From at least 1996, Walsh and Greenwood raised roughly $1.3 billion from investors....
BY Thomas Zambito
DAILY NEWS STAFF WRITER

Two former members of the New York Islanders' infamous Gang of Four ownership group were arrested on securities fraud charges today for swindling top-flight universities out of hundreds of millions of dollars.

You Won't Read This In The Greenwich Time, The Greenwich Citizen Or The Greenwich Post ......

Here Is A Picture Of Greenwich Fraudster Paul "I am Not Cooperating With No Stinking Audit" Greenwood Who Is Now Under Arrest

NEW YORK - The FBI says the operators of a Connecticut-based firm company have been arrested in New York on securities fraud charges.

Paul Greenwood and Stephen Walsh, principals of WG Trading Company LP, were awaiting a federal court appearance in Manhattan on Wednesday.Earlier this month, a regulatory agency for the U.S. futures industry suspended Greenwood and Walsh, accusing them of refusing to answer questions about the transfer of $350 million to another fund.

Do We Have A Mini-Bernie Madoff Ponzie SchemeRight Here In Greenwich?

THE HEADLINES:

YOU THOUGHT FAIRFIELD GREENWICH GROUP WAS BAD:
What About WG Trading?

Paul Greenwood And Stephen Walsh Make Greenwich Resident Walter "Feeder Fund" Noel Look Like A Boy Scout

University of Pittsburgh and Carnegie Mellon University files Federal lawsuit against Greenwich Traders Paul Greenwood and Stephen Walsh

Pitt and CMU have also notified the Securities and Exchange Commission and the Commodities Futures Trading Commission About Greenwood And Walsh

THE QUOTE:

"We don't want to talk with you. Why would we want to talk to a reporter," said a woman at Paul Greenwood's Westchester, N.Y., home who identified herself as his wife.

THE STORY:
Pittsburgh Post-Gazette

.....The MRA suspends Greenwood and Walsh from NFA membership indefinitely. The MRA also prohibits Greenwood and Walsh or anyone acting on their behalf from soliciting or accepting any customer or pool participant funds and they are prohibited from placing trades for any pools that they operate or control except to liquidate existing positions. Additionally, the MRA prohibits them from disbursing or transferring any funds from any accounts which either of them own, control or which are held in either of their names without prior approval from NFA......

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02/25/09 GREENWICH PUBLIC SCHOOLS PRESS RELEASE: 2009 Kindergarten Orientation and Registration

Hi all,

The Kindergarten Orientation, Registration, and Visitation Schedule for the Kindergartners entering in Fall 2009 is attached.

We would appreciate it if you could share this schedule with your
readers/viewers/listeners and/or let them know that the information is
available on our web site.

Thank you.
Kim

Kim Eves
Director of Communications
Greenwich Board of Education
290 Greenwich Avenue
Greenwich, CT 06830

http://www.greenwichschools.org/

Phone: 203-625-7415
e mail: kim_eves@greenwich.k12.ct.us
Fax: 203-869-8003


KINDERGARTEN ORIENTATION AND REGISTRATION SCHEDULE

(Greenwich, CT- Tuesday, February, 24, 2009)

The Greenwich Public Elementary Schools have announced plans to welcome incoming, Fall 2009, kindergarten children and their parents. The District’s Kindergarten Orientation for parents is Monday, March 30, 2009 and is held at each of the eleven elementary schools*. The specific times for the parent orientation program and dates/times for registration are listed by school. In addition, each of the eleven elementary schools holds a student visitation session on the afternoon of Thursday, May 7, 2008, from 1:00 PM to 3:00 PM; students registered for the kindergarten class of 2009-2010 are invited to visit their school on this day. All schools will mail invitations for Kindergarten Visitation Day to families that have registered and/or are otherwise known to the schools as having incoming Kindergarten students. Parents/Guardians that have a child entering kindergarten in the Fall of 2009 who do not receive a letter from the school in their attendance district should contact that school office for information on this process.

*The only location exception is for Glenville School:
Glenville Parent Orientation on March 30th will be held at the modular units located at Western Middle School. Glenville Registration during the week of April 13-17 will be held at Western Middle School’s Main Office Glenville Student Visitation on May 7th will be held at Parkway School.

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02/25/09 Where Is Greenwich Time Managing Editor Bruce Hunter? The Greenwich Fraud Scheme That Hearst Newspapers Is Not Covering Just Hit $1.3 Billion

Greenwich Time Managing Editor Bruce Hunter Had Better Get MOOOOOVING......


CattleNetwork.com, KS

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today charged Stephen Walsh of Sands Point, New York, and Paul Greenwood of North Salem, New York, with misappropriating at least $553 million from commodity pool participants in connection with entities they owned and controlled, such as Westridge Capital Management, Inc., WG Trading Investors, LP, and WGIA, LLC. The defendants’ alleged misappropriation was uncovered during an audit by the National Futures Association.

CFTC is Seeking a Court Order Freezing Assets and Preserving Records; Additional Criminal and Civil Actions Filed.

The CFTC’s complaint charges Walsh and Greenwood with futures fraud and misappropriation of pool funds. In conjunction with the CFTC’s filing of the complaint today in the United States District Court for the Southern District of New York, the CFTC is seeking a statutory restraining order freezing defendants’ assets and preserving records.

At the same time, the office of the United States Attorney for the Southern District of New York filed a criminal complaint against Walsh and Greenwood, and the Securities and Exchange Commission filed a civil action against Walsh, Greenwood, and others.

According to CFTC Acting Director of Enforcement Stephen J. Obie, “The coordinated efforts of multiple federal regulators resulted in uncovering and ending this egregious fraud. Defendants treated investor money-- some of which came from a public pension fund-- as their own piggy bank to lavish themselves with expensive gifts. The public can rest assured that their nation’s commodity futures regulator is pursuing every avenue to locate and eliminate crooked commodity professionals.”

The CFTC complaint alleges that, from at least 1996 to the present, Walsh and Greenwood fraudulently solicited approximately $1.3 billion from individuals and entities through Westridge Capital Management, WG Trading Investors, LP, and other entities. The complaint charges that the defendants defrauded victims by falsely depicting that all pool participants’ funds would be employed in a single investment strategy that consisted of index arbitrage. However, pool participants’ funds were transferred to another entity from which Walsh and Greenwood siphoned funds, according to the complaint.

According to the complaint, to cover-up their misappropriation of pool participants’ funds, Greenwood and Walsh manufactured promissory notes to present the appearance that pool participants’ funds had been loaned to them.

Walsh and Greenwood allegedly misappropriated approximately $553 million in pool participants’ funds. More than $160 million was used for Walsh and Greenwood’s personal expenses, including purchasing rare books, horses, Steiff teddy bears for as much as $80,000, and a $3 million residence for Walsh’s ex-wife.

Efforts are ongoing to account for and locate pool participant funds.

Five Relief Defendants Also Named

In addition, Westridge Capital Management Enhancement Funds Inc., WG Trading Company LP, WGI LLC, K&L Investments, and Janet Walsh are named in the complaint as relief defendants because they received funds as a result of defendants’ fraudulent conduct and have no legitimate entitlement to those funds.

In the continuing litigation, the CFTC seeks restitution, disgorgement, civil monetary penalties, and permanent injunctions against further violations of the federal commodities laws and against further trading.

The CFTC greatly appreciates the assistance of the National Futures Association, the office of the United States Attorney for the Southern District of New York, the Federal Bureau of Investigation, and the Securities and Exchange Commission.

The following CFTC Division of Enforcement staff members are responsible for this matter: Patricia Gomersall, JonMarc Buffa, Joseph Rosenberg, Peter Haas, Paul Hayeck, and Joan Manley.
COMMENT:
Could Someone From Hearst Newspapers Please Help Greenwich Time Managing Editor Bruce Hinter Get Out Of His Self Induced Coma And Tell Him That There Are Over 100 News Articles On The Web About These Two Greenwich Crooks Being Arrested By The FBI
PLEASE SEE:

GREENWICH FRAUDSTERS, PAUL GREENWOOD AND STEPHEN WALSH NOT ONLY MISMANAGED INVESTORS MONEY AT WG TRADING THEY MISMANAGED THE NEW YORK ISLANDERS TOO

From at least 1996, Walsh and Greenwood raised roughly $1.3 billion from investors....
BY Thomas Zambito
DAILY NEWS STAFF WRITER

Two former members of the New York Islanders' infamous Gang of Four ownership group were arrested on securities fraud charges today for swindling top-flight universities out of hundreds of millions of dollars.

You Won't Read This In The Greenwich Time, The Greenwich Citizen Or The Greenwich Post ......

Here Is A Picture Of Greenwich Fraudster Paul "I am Not Cooperating With No Stinking Audit" Greenwood Who Is Now Under Arrest

NEW YORK - The FBI says the operators of a Connecticut-based firm company have been arrested in New York on securities fraud charges.

Paul Greenwood and Stephen Walsh, principals of WG Trading Company LP, were awaiting a federal court appearance in Manhattan on Wednesday.Earlier this month, a regulatory agency for the U.S. futures industry suspended Greenwood and Walsh, accusing them of refusing to answer questions about the transfer of $350 million to another fund.

Do We Have A Mini-Bernie Madoff Ponzie SchemeRight Here In Greenwich?

THE HEADLINES:

YOU THOUGHT FAIRFIELD GREENWICH GROUP WAS BAD:
What About WG Trading?

Paul Greenwood And Stephen Walsh Make Greenwich Resident Walter "Feeder Fund" Noel Look Like A Boy Scout

University of Pittsburgh and Carnegie Mellon University files Federal lawsuit against Greenwich Traders Paul Greenwood and Stephen Walsh

Pitt and CMU have also notified the Securities and Exchange Commission and the Commodities Futures Trading Commission About Greenwood And Walsh

THE QUOTE:

"We don't want to talk with you. Why would we want to talk to a reporter," said a woman at Paul Greenwood's Westchester, N.Y., home who identified herself as his wife.

THE STORY:
Pittsburgh Post-Gazette

.....The MRA suspends Greenwood and Walsh from NFA membership indefinitely. The MRA also prohibits Greenwood and Walsh or anyone acting on their behalf from soliciting or accepting any customer or pool participant funds and they are prohibited from placing trades for any pools that they operate or control except to liquidate existing positions. Additionally, the MRA prohibits them from disbursing or transferring any funds from any accounts which either of them own, control or which are held in either of their names without prior approval from NFA......

================================================================
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02/25/09 Former Greenwich Resident Presscott "Grave Digger" Bush Is At The Center Of Federal lAwsuit Against The Skull And Cross Bones Lawsuit

Legend has it that Prescott "Grave Digger" Bush stole Geronimo’s skull.


HOUSTON — The descendants of Geronimo have sued Skull and Bones, a secret society at Yale University with ties to the Bush family, charging that its members robbed his grave in 1918 and have kept his skull in a glass case ever since.

The claim is part of a lawsuit filed in federal court in Washington on Tuesday, the 100th anniversary of Geronimo’s death. The Apache warrior’s heirs are seeking to recover all his remains, wherever they may be, and have them transferred to a new grave at the headwaters of the Gila River in New Mexico, where Geronimo was born and wished to be interred.

“I believe strongly from my heart that his spirit was never released,” Geronimo’s great-grandson Harlyn Geronimo, 61, told reporters Tuesday at the National Press Club.

Geronimo died a prisoner of war at Fort Sill, Okla., in 1909. A longstanding tradition among members of Skull and Bones holds that Prescott S. Bush — father of President George Bush and grandfather of President George W. Bushbroke into the grave with some classmates during World War I and made off with the skull, two bones, a bridle and some stirrups, all of which were put on display at the group’s clubhouse in New Haven, known as the Tomb.

The story gained some validity in 2005, when a historian discovered a letter written in 1918 from one Skull and Bones member to another saying the skull had been taken from a grave at Fort Sill along with several pieces of tack for a horse.

Ramsey Clark, a former United States attorney general who is representing Geronimo’s family, acknowledged he had no hard proof that the story was true. Yet he said he hoped the court would clear up the matter.

Tom Conroy, a spokesman for Yale, declined to comment on the lawsuit but was quick to note that the Tomb was not on university property.

Members of the Skull and Bones, who guard their organization’s secrecy, could not be reached for comment. Though the society is not officially affiliated with the university, many of Yale’s most powerful alumni are members, among them both Bush presidents and Senator John Kerry, Democrat of Massachusetts.......

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02/25/09 Greenwich Fraudsters Also Wasted Money On The New York Islanders

GREENWICH FRAUDSTERS, PAUL GREENWOOD AND STEPHEN WALSH NOT ONLY MISMANAGED INVESTORS MONEY AT WG TRADING THEY MISMANAGED THE NEW YORK ISLANDERS TOO.

From at least 1996, Walsh and Greenwood raised roughly $1.3 billion from investors....

Former Islanders owners Greenwood and Walsh arrested

New York Daily News

BY Thomas Zambito
DAILY NEWS STAFF WRITER

Two former members of the New York Islanders' infamous Gang of Four ownership group were arrested on securities fraud charges today for swindling top-flight universities out of hundreds of millions of dollars.

Paul Greenwood and Stephen Walsh were arrested today and are expected to appear in Manhattan Federal Court this afternoon.

The two were members of the much-maligned ownership group that led the Islanders during some bleak years in the early 1990s, following a string of Stanley Cup championships a decade before.

Walsh and Greenwood were suspended by the National Futures Association last week after they refused to cooperate with an audit. The move prevented them from placing any trades on accounts they controlled or soliciting investor funds.

Last week, the University of Pittsburgh and Carnegie Mellon University sued the duo's Greenwich, Ct.-based Westridge Capital Management, demanding the return of $114 million.

The feds say Greenwood bought horses with the stolen cash, and Walsh paid for a luxury apartment for his ex-wife as part of a divorce settlement.

Charities, universities, pension plans and others had investments of $668 million with WG Trading Investors run by Greenwood and Walsh.

PLEASE ALSO SEE:

You Won't Read This In The Greenwich Time, The Greenwich Citizen Or The Greenwich Post ......

Here Is A Picture Of Greenwich Fraudster Paul "I am Not Cooperating With No Stinking Audit" Greenwood Who Is Now Under Arrest

2 arrests in NY securities fraud case
Newsday, NY

NEW YORK - The FBI says the operators of a Connecticut-based firm company have been arrested in New York on securities fraud charges.

Paul Greenwood and Stephen Walsh, principals of WG Trading Company LP, were awaiting a federal court appearance in Manhattan on Wednesday.Earlier this month, a regulatory agency for the U.S. futures industry suspended Greenwood and Walsh, accusing them of refusing to answer questions about the transfer of $350 million to another fund.

Do We Have A Mini-Bernie Madoff Ponzie SchemeRight Here In Greenwich?

THE HEADLINES:

YOU THOUGHT FAIRFIELD GREENWICH GROUP WAS BAD:
What About WG Trading?

Paul Greenwood And Stephen Walsh Make Greenwich Resident Walter "Feeder Fund" Noel Look Like A Boy Scout

University of Pittsburgh and Carnegie Mellon University files Federal lawsuit against Greenwich Traders Paul Greenwood and Stephen Walsh

Pitt and CMU have also notified the Securities and Exchange Commission and the Commodities Futures Trading Commission About Greenwood And Walsh

THE QUOTE:

"We don't want to talk with you. Why would we want to talk to a reporter," said a woman at Paul Greenwood's Westchester, N.Y., home who identified herself as his wife.

THE STORY:
Pittsburgh Post-Gazette

.....The MRA suspends Greenwood and Walsh from NFA membership indefinitely. The MRA also prohibits Greenwood and Walsh or anyone acting on their behalf from soliciting or accepting any customer or pool participant funds and they are prohibited from placing trades for any pools that they operate or control except to liquidate existing positions. Additionally, the MRA prohibits them from disbursing or transferring any funds from any accounts which either of them own, control or which are held in either of their names without prior approval from NFA......


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02/25/09 We Found A Joe Pisani That Is Much More Worse Than Ex-Greenwich Time Editor Joe "The Censor" Pisani

This story should serve as a warning to all parents of disabled children.....

Joe Pisani, Disbarred And Convicted Felon Keeps Trust Funds Of Disabled Child From Her


Court-Approved Theft of a Disabled Child’s Funds By a Convicted Felon!

Most parents feel that the worst thing that could happen to them would be for their child to die before them. But for a sole-surviving single parent of a disabled child, the greatest fear is that something that may happen to themselves, leaving their child uncared for and unprotected. If such a parent dies leaving no other family to care for the child, it is the duty of the state to step in and protect those who cannot protect themselves and who have no one to offer them protection.

But, what if the individuals assigned to protect your child, the lawyers and the courts, are the ones who are victimizing them? A recent Samuel Jackson movie, Lakeview Terrace, about an abusive cop living next door to a young couple asked the question “Who do you call for help when you can’t call the police?” A local mother in Westchester, Andrea Masotti, a sole-surviving single mother of a disabled child, has been asking herself a similar question for the past five years: “Who do I go to for legal recourse, when it’s the courts who are abusing my child?”

Mrs. Masotti approached the Guardian with her incredible story last week. A story that involves top political players, past and present, in Westchester County and Albany; a story that is filled with greed, deception, and plain old-fashioned criminality; a story that actually started long before Mrs. Masotti’s daughter was born; a story that started with one of the most notorious of Westchester’s politicians, Joseph Pisani, Republican ex-State Senator and State Attorney General contender from New Rochelle.

Pisani was a 20-year veteran of the New York State Senate representing New Rochelle, and the surrounding area, while Mrs. Masotti was married to her husband, Vito. She recalls hearing his name mentioned at times in the neighborhood and among her friends and family, but never met Pisani during the duration of her marriage. “My husband was a hairdresser” she told the Guardian. “We ran in much different circles than an Albany politician”. Sadly, Mrs. Masotti’s marriage did not last. But it survived long enough for her and her husband to adopt a young child from Eastern Europe, a child who each parent loved and cared for.

Vito Masotti, being many years older than his wife, fell into declining health in the mid-1990’s, suffering kidney problems and recurring boutsof cancer. During this timeframe, the Masotti’s daughter was also exhibiting signs of cognitive disability and several medical issues. At the initial onset of his own personal health problems, Vito approached his long-standing tax accountant, Frank Marino, a close friend and family advisor, to draft a concise will that would provide for his daughter.

This will, which Vito Masotti drafted in 2001, named several individuals as executors for his daughter’s estate, among them her godmother, an individual trusted by both the child and her mother. Vito emigrated from Italy after the Second World War and applied a hardworking, thrifty attitude towards his work and his new home. Although not highly educated, Vito amassed a sizable fortune in his lifetime, which included an apartment building that was providing $150,000 a year in income at the time his will was drawn. Vito decreed that this income should be for his daughter’s care in her lifetime. In addition, he maintained a two-bedroom apartment in the building which was to be his daughter’s home upon his demise.

Between the income from the rental apartments, and the free rent on her father’s apartment, Vito’s daughter would be well-provided for in her lifetime and would have sufficient income to cover her medical and personal needs. Such was Vito’s intent until Joseph Pisani entered the picture.

In 2004, Vito’s health took a turn for the worse with a relapse of his cancer and the loss of a kidney. At the same time, Vito’s daughter suffered several setbacks complicating her disability and increasing her medical and living costs. Although previously unknown to all the family, Joseph Pisani interjected himself into Vito’s life at this time and somehow managed to convince the dying man to alter his will, nominating Pisani as executor and trustee of a airs and as Vito Masotti’s attorney for child support matters regarding his daughter. Vito Masotti died not long afterwards, leaving Joseph Pisani in control of his entire $1.4 million estate and his daughter’s support.

Since the demise of Vito Masotti, Joseph Pisani has done nothing to assist Vito’s daughter, even refusing to provide her with the basic special education she needs for her cognitive difficulties and denying her medical treatment. Court records filed with the Surrogate’s Court in White Plains document that Joseph Pisani has vigorously opposed support applications for the young Ms. Masotti’s needs and advocated for the removal ofher own mother as her guardian.

Pisani has allowed the rents on Vito’s apartment building that he left for his daughter’s care to decline, and is in the process of trying to sell it. He has not provided any accounting whatsoever to Ms. Masotti, or her mother, as to where any, or all, of the $1.4 million estate has gone. Andrea Masotti, now in her 60’s, confided to the Guardian that she has spent her entire retirement and life savings to provide for her daughter herself and fight for her needs these past few years in an uphill battle in our local courts. Now left with limited resources of her own, Mrs. Masotti is currentlyscrambling to find work to pay for the needs of herself and her daughter.

This case would be horrific enough if it were not for the fact that Joseph Pisani has absolutely no legal authority whatsoever to draft any will, offer himself as an executor or trustee of an estate, or be appointed legal representative for child support issues at all, SINCE HE IS A CONVICTED FELON!

This Joseph Pisani is one and the same Joseph Pisani who was disbarred and removed from the New York State Senate in 1986 on federal charges of mail fraud, income tax evasion, the of client funds, and embezzlement.

And now he’s at it again. But this time, it’s with the Court’s blessings.The history of Pisani’s corruption is a long one. On August 1, 1984, Pisaniwas sentenced to four years in prison and was fined $69,000 on fraud and tax evasion charges by the Federal District Court in Manhattan. The United States prosecutor on the case, Charles La Bella, portrayed Pisani at trial as a public official who “abused his position”.

Among the charges filed by La Bella against Pisani were Law Practice Mail Fraud, Campaign Fund Mail Fraud, Income Tax Violations, Obstruction Of Justice, Embezzlement of over $80,000, Failure To Pay Taxes, and Misleading A Grand Jury. Pisani’s second wife, Kathryn Godfrey, was also charged at the trial with committing Perjury during the grand jury’s investigation of the fraud and tax charges. Ms. Godfrey had been employed as a stenographer for a state commission headed by Pisani before his divorce and their subsequent marriage.
During the course of the trial, La Bella revealed evidence that Pisani embezzled state funds by purchasing a summer home in Washingtonville, New York from a Joseph Mallon and giving him a “no show” state job in exchange. La Bella also charged Pisani with embezzling money from his former law firm and using his campaign funds for his personal needs and those of Ms. Godfrey.
La Bella provided evidence that Pisani used these funds to buy gifts for his then-girlfriend, Godfrey, to take vacations, and invest in professional boxing, while listing these payments as campaign costs on his financial statements......
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02/25/09 Greenwich Fraudsters Busted By The FBI ......More On The Greenwich Ponzi Scheme That Hearst Newspapers Is Failing To Cover

You Won't Read This In The Greenwich Time, The Greenwich Citizen Or The Greenwich Post ......

Here Is A Picture Of Greenwich Fraudster Paul "I am Not Cooperating With No Stinking Audit" Greenwood Who Is Now Under Arrest

2 arrests in NY securities fraud case

Newsday, NY

NEW YORK - The FBI says the operators of a Connecticut-based firm company have been arrested in New York on securities fraud charges.

Paul Greenwood and Stephen Walsh, principals of WG Trading Company LP, were awaiting a federal court appearance in Manhattan on Wednesday.

Earlier this month, a regulatory agency for the U.S. futures industry suspended Greenwood and Walsh, accusing them of refusing to answer questions about the transfer of $350 million to another fund.

WAIT THERES MORE:

THE FBI IS BUSTING FRAUDSTERS RIGHT AND LEFT......

Four People Arrested in Three Separate Fraud Cases, FBI Says
Bloomberg

The FBI arrested four people in three separate securities fraud cases.

James Nicholson of Westgate Capital Management was taken into custody this morning by FBI agents, said Jim Margolin, a spokesman for the FBI’s New York office.

Paul Greenwood and Stephen Walsh of W.G. Trading were arrested on what authorities believe is a $550 million fraud scheme.

Mark Bloom, who used to work for Greenwood and Walsh and now heads his own firm, was arrested on a separate fraud scheme.

This News Story Is On The International News Wire But It Is Not On Hearst Newspaper's Greenwich Time Web Site.....

US money managers accused of fraud
Reuters India

Two money managers at a Connecticut-based company were charged with criminal fraud for allegedly misappropriating investor funds and making false representations, according to court papers made public on Wednesday.

Paul Greenwood and Stephen Walsh, managing general partners of WG Trading Company with main offices in Greenwich, Connecticut, were charged with conspiracy, securities fraud and wire fraud.

The alleged scheme began in 1996 and ran through this month, according to the criminal complaint filed in U.S. District Court in Manhattan....

You Wont Read This Greenwich News Story In The Free Throw Away Papers Like The Greenwich Citizen And The Greenwich Post, But You Can Read About This Greenwich News Story In The Free Throw Away Newspapers On The New York Subway......

2 arrests in NY securities fraud case
amNewYork

AP News Now

NEW YORK (AP) _ The FBI says the operators of a Connecticut-based company have been arrested in New York on securities fraud charges. Paul Greenwood and Stephen Walsh, principals of WG Trading Company LP, were awaiting a federal court appearance in Manhattan on Wednesday.

DO YOU KNOW WHY GREENWICH RESIDENTS MISS JIM "THE VOICE OF GREENWICH" THOMPSON AND DEMA JOSEPH ?

BECAUSE.....



You Wont Here About This Greenwich News Story From Tony Savino At WGCH, But You Can Watch It On New York TV Stations.

WATCH THE VIDEO: Money Manager Accused of Squandering Universities' Cash

WNBC-TV New York

By JONATHAN DIENST

Two Greenwich, Conn., fund managers are accused of defrauding universities and public employee pension funds out of over $400 million in investments, according to the FBI

Paul Greenwood and Stephen Walsh, who ran WG Trading Co., have ripped off universities and pension funds, investigators said.

Greenwood, Walsh and their firm have been the focus of mounting questions as the result of a federal lawsuit filed by Carnegie Mellon and the University of Pittsburgh.

The two Universities are trying to track more then $100 million in investments now feared missing. Iowa's public employees pension fund is now trying to learn about its $300 million investment with the firm.

The National Futures Association has suspended Greenwood and partner Walsh after unsuccessful attempts to interview the men about their company.

This regulatory organization accuses greenwood and Walsh of failing to cooperate with investigators, materially hindering their investigation and refusing to disclose what happened to the allegedly missing millions. A woman who answered a cal to Greenwood’s home refused to comment. Attorney’s for both men did not return calls.

Greenwood, of North Salem, is a pillar of his Westchester community. He is the town supervisor, the treasurer of the local Episcopal Church and the owner of a nearby farm that raises ponies. His sprawling home is situated on rolling hills behind stonewalls.

He and his firm, WG Trading Co. LP of Greenwich, Connecticut, and his partners are also the focus of mounting questions in a federal lawsuit filed by Carnegie Mellon and the

Area residents said they were shocked by the allegations.

"People that have the trappings of all those otherwise virtuous things are not always virtuous," said Lewis Barnes of Lewiboro.

COMMENT:

It's unclear how many other investors had money with the firm.

Carnegie Mellon said $45 million is unaccounted for. The University of Pittsburgh said it can’t find out what happened to the $65 million it invested.

If You Want To Know What's Going On In Greenwich
You Have To Read The Out Of Town Newspapers:

Pensions & Investments, IL
The WCM funds lent $324 million to a commodity pool managed by WG Trading Investors. On Feb. 12, the NFA took an emergency enforcement action against Paul ...
Chicago Tribune

DesMoinesRegister.com

Global Pensions

MORE NEWS FROM:
Or How About:
BUT THERE IS MORE:


NORTH SALEM - The Town Board went about its business without Supervisor Paul Greenwood last night as Greenwood continued to grapple with questions about his handling of the money in his trading and investment funds and his compliance with the requirements of regulatory bodies.
Councilman Warren Lucas ran the board's regular meeting, which addressed issues of an expanding nursing home, new septic regulations and parking permits. No explanation was given for Greenwood's absence.
North Salem officials reiterated that the Greenwood's problems will not keep the board from doing what it needs to do.
"It's not going to affect that at all," said Lucas, the longest-serving member of the board and the only other Republican besides Greenwood.
But it's not clear whether Greenwood's business concerns will take him away from town business or affect his plans to run for a second term. His first two years are up at the end of the year.
Maria Hlushko, the new chairwoman of the Republican Town Committee, said she spoke to Greenwood in late January about his time in office and he expressed a desire to run again. The committee will be lining up candidates over the next several months for the fall elections.
"Our committee will meet with anybody interested in running for office," she said.
After the National Futures Association, which regulates futures markets, attempted to audit Greenwood's firms this month, Greenwood and his business partner, Stephen Walsh, were indefinitely suspended from the association.
The suspension bars them from trading and managing funds in their partnership. The audit led to a suit by Carnegie Mellon University and the University of Pittsburgh, which have more than $110 million invested in funds Greenwood operates.
The National Futures Association accused Greenwood and Walsh of refusing to cooperate with the audit of their firms, WG Trading Company and WG Trading Investors of Greenwich, Conn. The part of the audit the association did complete found that hundreds of millions of dollars of the funds' assets consisted of promissory notes from Greenwood and Walsh. According to the association, the partners refused to answer questions about their ability to repay the promissory notes. In their lawsuit, the colleges said Greenwood and Walsh misrepresented the size and nature of the assets the investment group controlled, thereby defrauding the investors.
Nothing in the lawsuit or enforcement action involved the town.

Cynthia Curtis, a former Town Board member who was appointed chairwoman of the Planning Board under Greenwood, attended last night's meeting but declined to say anything about Greenwood's situation.

Councilman Christopher Brockmeyer said right now they're just waiting to see what happens. "There's really nothing more that has developed, as far as I know," he said.
PLEASE SEE:

Do We Have A Mini-Bernie Madoff Ponzie Scheme
Right Here In Greenwich?
THE HEADLINES:

YOU THOUGHT FAIRFIELD GREENWICH GROUP WAS BAD:
What About WG Trading?
Paul Greenwood And Stephen Walsh Make Greenwich Resident Walter "Feeder Fund" Noel Look Like A Boy Scout
University of Pittsburgh and Carnegie Mellon University files Federal lawsuit against Greenwich Traders Paul Greenwood and Stephen Walsh
Pitt and CMU have also notified the Securities and Exchange Commission and the Commodities Futures Trading Commission About Greenwood And Walsh
THE QUOTE:

"We don't want to talk with you. Why would we want to talk to a reporter," said a woman at Paul Greenwood's Westchester, N.Y., home who identified herself as his wife.

THE STORY:
Pittsburgh Post-Gazette
PLEASE ALSO SEE:

.....The MRA suspends Greenwood and Walsh from NFA membership indefinitely. The MRA also prohibits Greenwood and Walsh or anyone acting on their behalf from soliciting or accepting any customer or pool participant funds and they are prohibited from placing trades for any pools that they operate or control except to liquidate existing positions. Additionally, the MRA prohibits them from disbursing or transferring any funds from any accounts which either of them own, control or which are held in either of their names without prior approval from NFA......

COULD SOMEONE PLEASE GO WAKE UP GREENWICH TIME MANAGING EDITOR BRUCE HUNTER WHO IS ONCE AGAIN A SLEEP AT THE SWITCH
WHERE IS EX-GREENWICH TIME MANAGING EDITOR AND NOW HEARST NEWSPAPER REGIONAL REPORTER JIM ZEBORA?
IS OUT OUT SAMPLING BEERS INSTEAD OF COVERING BREAKING NATIONAL BUSINESS NEWS STORIES THAT HAVE GREENWICH AT GROUND ZERO
PLEASE SEE:
Worried Town Residents Are Saying If Ex-Greenwich Time Editor Jim Zebora Isn't Carefull He Could End Up In The GPD Drunk Tank !!!!!
UPDATE:
7:15 PM
GREENWICH BLOGGERS
CLAUDETTE ROTHMAN (GREENWICH DIVA)
AND CHRIS FOUNTAIN (FOR WHAT ITS WORTH)
ARE COVERING THE LATEST GREENWICH SCAMMERS
AS GREENWICH TIME MANAGING EDITOR
BRUCE HUNTER IS TOTALLY CLUELESS
NEW YORK - The owners of an investment firm that managed hundreds of millions of dollars for universities and charities were arrested Wednesday by the FBI in the latest white-collar scandal to rock Wall Street.

Paul Greenwood, also a horse breeder and elected official in suburban New York, and Stephen Walsh were awaiting an appearance in federal court in Manhattan to face securities and wire fraud charges alleging they raided funds to buy horses and cover other personal expenses. The names of their attorneys were not immediately available.

Court papers identified Greenwood and Walsh as the owners of Greenwich, Conn.-based WG Trading Company LP and of Westridge Capital Management Inc., based in Santa Barbara, Calif. Their operation also had offices in Manhattan and Jersey City, N.J.

The firms’ clients included “charitable and university foundations, retirement and pension plans and other institutions,” a criminal complaint said.

The complaint alleges that since the summer of 2007, $1.3 billion in illegal wire transfers were made to bank accounts held by Greenwood and Walsh’s wife.
It also cites an interview with an unidentified WG Trading employee who described being instructed to transfer funds to personal bank accounts.

The employee claimed the money was used for “the purchase of expensive collectible items by Greenwood, the purchase of horses by Greenwood, transfer of cash to Walsh’s then-wife and … the purchase of an apartment for Walsh’s ex-wife pursuant to a divorce settlement.”
.....Greenwood was elected last year as a supervisor in North Salem, N.Y., where press accounts say he raises horses on a 300-acre farm. He once owned Old Salem Farm, a 54-acre riding school and horse farm bought from Paul Newman and Joanne Woodward.....

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