Thursday, February 26, 2009

Today's Fly Or Die Commerce Report: More Madoff-Like Madness

Paul Greenwood and Stephen Walsh were arrested by the FBI for financial fraud. The money managers allegedly misappropriated at least $553 million.

According to The Wall Street Journal, the pair lived in excessive opulence- even purchasing a teddy bear with a $80,000 price tag.

Their victims include universities and retirement funds.

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