Recent Posts

Investment Manager Pleads Guilty After Bilking Institutions, Others Out of Billions
Posted on 29 Apr 2014 by Thomas O. Gorman

The investment manager and principal of WG Trading Company, LP and WG Trading Investors, Stephen Walsh, pleaded guilty to two counts of securities fraud. In entering the plea Mr. Walsh agreed to forfeit $50,743,779 which represents the amount he misappropriated... Read More

Money Laundering Using Trust and Company Service Providers
Posted on 26 Dec 2010 by Doug Cornelius

Trusts and Company Service Providers (TCSPs) can provide an important link between financial institutions and some of their customers. TCSPs have often been used, wittingly or unwittingly, in the conduct of money laundering activities. The majority of... Read More

Man Who Operated Charity As Ponzi Scheme Sentenced to Eight Years in Prison
Posted on 13 Sep 2012 by Jordan D. Maglich

A federal judge handed down an eight-year prison term to a man who duped investors out of millions of dollars in a Ponzi scheme that masqueraded as a charitable organization. Joseph Angelo Sivigliano, 80, received the sentence from United States District... Read More

The SEC, FinCEN and FINRA Sanction Broker
Posted on 3 Sep 2010 by Thomas O. Gorman

The anti-money laundering and customer identification rules are important market policing tools monitored by the SEC, the Financial Crimes Enforcement Network or FinCEN and FINRA. Pinnacle Capital Markets LLC, a broker dealer whose customers are largely... Read More