Page 534 - 《期货和衍生品行业监管动态》（2022年合集）
P. 534
期货和衍生品行业监管动态
During the receivership, over $1 billion was returned to investors in a
commodity pool operated by defendants Paul Greenwood and Stephen Walsh,
constituting 100% of all approved investor claims. The court-appointed receiver for
this matter was Robb Evans & Associates LLC.
The order follows the entry of final judgments against Walsh and Greenwood on
November 13, 2019 and November 19, 2019, respectively. The assets marshalled in
this case include over $88 million in funds clawed back from fully redeemed investors,
a $14 million horse farm in North Salem, N.Y., a collection of antique teddy bears
sold at auction at Christie’s for over $3.7 million, and an estate in Sands Point, N.Y.
“As this long-standing litigation demonstrates, where customers are egregiously
harmed by greedy fraudsters who misappropriate funds entrusted to them, the CFTC
is resolute in its commitment to protecting customers and achieving justice,” said
Acting Director of Enforcement Gretchen Lowe. “I commend our dedicated staff, the
court-appointed receiver and our cooperative enforcement partners for their hard and
sustained work to conclude this matter. The cooperative enforcement effort in this
case, resulting in restitution to all customers of over 100% of their initial investment
totaling over $1 billion, demonstrates the high degree of success that comes from
working with fellow regulators, self-regulatory organizations, and criminal
authorities.”
Case Background
The CFTC complaint, filed in the U.S. District Court for the Southern District of
New York on February 25, 2009, charged Greenwood and Walsh, both residents of
New York, with operating a Ponzi scheme that misappropriated 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 Securities and Exchange Commission (SEC) also filed a civil
action in a related matter.
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