More, more, and more Muck!

Seems like the fraud gremlins have been very busy. Stories from several sources have begun the rout on a(nother) substantial fraud (FBI: Manager Put Investor Money in PAAM, Own Pockets) (FBI Fraud Probe Aims At Westgate: Reports) (Connecticut-Based Money Managers in FBI Custody - Financials * US ...) (Talking Points Memo More Madoffs). This one perpetrated by Stephen Walsh and Paul Greenwood (CFTC’s complaint) is in excess of $1B and targeted endowments and other institutional investors.