August 20, 2014
WG Trading Co. Ponzi schemer Stephen Walsh, who has yet to be sentenced after pleading guilty to criminal charges in April, on Wednesday agreed to a permanent ban on trading and soliciting funds, and to cooperate with investigators, to settle civil litigation brought against him by commodities regulators.
August 06, 2013
The ex-wife of alleged Ponzi schemer Stephen Walsh asked a federal judge Tuesday to let her keep assets she had won in her divorce, arguing she'd had no idea he was running any kind of fraud.
August 01, 2011
A federal judge in New York on Monday approved Continental Assurance Co.'s $22 million settlement with the receiver for WG Trading Co., after finding that the initial clawback truce gave short shrift to victims of the $7.6 billion Ponzi scheme.
July 08, 2011
The receiver recovering funds for victims of WG Trading Co.'s $7.6 billion Ponzi scheme floated a new $22 million settlement with Continental Assurance Co. on Thursday in New York, after regulators denounced the leniency of an initial deal.
March 18, 2011
Federal prosecutors on Friday asked a New York judge to quash any attempt by Stephen Walsh, an investor accused of misusing millions of dollars in commodity pool clients' money, to subpoena government witnesses in a pretrial hearing.