Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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From: tejek	2/25/2009 11:31:21 AM
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Another Madoff? Four People Arrested in Three Separate Fraud Cases, FBI Says By Patricia Hurtado Feb. 25 (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. bloomberg.com

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