Posted on 02/21/2009 6:07:40 AM PST by Glenn
The University of Pittsburgh and Carnegie Mellon University yesterday filed suit against Westridge Capital Management and its operators, seeking the immediate return of more than $114 million they invested. They also asked a federal judge to appoint a receiver to oversee the investment manager.
The lawsuit, filed in U.S. District Court, comes after the two universities said they were unable to collect the money from Westridge or get documentation regarding the status of their money from Westridge's principal partners, Paul Greenwood and Stephen Walsh.
Mr. Greenwood and Mr. Walsh were suspended last week by the National Futures Association, an industry regulatory agency, after they failed to cooperate with an audit the association launched on Feb. 5.
(Excerpt) Read more at post-gazette.com ...
It's amazing how brazen the white criminals have become.
Heck...with he loss of the 5k in points of the Dow from when the Dems took over Congress a few years ago, I’m suing those bastirds...
Just another story of the thousands not even uncovered yet.
One for the list...
My hunch is that the University presidents and trustees wanted to hang around the “beautiful people” and the rich and famous etc. and were mesmerized and dazzled by these investment managers promises of high no risk returns.
Got to be some contagious virus infecting the gods of knowledge.
And we now have “leaders” who want to put them in charge of the “green economy.”
Pikers. The two men just ‘loaned’ themselves a half $billion.
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