Wednesday, March 04, 2009

Where Did It All Go? Here's One Answer...

I got a kick out of this story: Paul Greenwood is the Town Supervisor of wealthy, horsy North Salem, NY. He is also a partner at Westridge Capital Management, where he is accused of bilking investors of $553 million. According to the 2/28-3/1 Wall Street Journal weekend edition, "prosecutors allege that client money was used for horses, homes, collectible teddy bears and other luxuries."

What next, will we find out that Bernie Madoff spent his ill-gotten gains on Cabbage Patch Kids? Did Allen Stanford's Ponzi scheme fund a Beanie Baby binge?

Bizarre...

2 comments:

Anonymous said...

Where did Escape Brooklyn go on your blogroll?

Madame X said...

my blog roll has been a mess for months but she's still a favorite and I didn't delete her!

short answer: I have no idea!