Paul Greenwood and Stephen Walsh today pleaded not guilty in U.S. District Court in New York to charges of operating a fraudulent scheme that misappropriated hundreds of millions of institutional investor money, confirmed Rebekah Carmichael, spokeswoman for Acting U.S. Attorney Lev L. Dassin.
Messrs. Greenwood and Walsh, co-managers of a WG Trading Investors commodity pool and shareholders of Westridge Capital Management, on July 24 were indicted by a federal grand jury on charges of conspiracy, securities fraud, commodities fraud, wire fraud and money laundering.
The two men were first arrested in February and charged with misappropriating at least $554 million of institutional investor capital since 1996.
