Bilked Investors in New York Case Owed Millions
After four years of effort, a receiver in a New York securities fraud case is still trying to find ways to recover millions in lost investor cash. With the disbursement of another $40 million last December, that brings to $855 million the sum returned to the one-time clients of former hedge fund operator Paul Greenwood. However, that’s still only about 90 percent of the recognized claims, according to this recent news article