SEC Announces Final Distribution in WG Trading Investment Fraud, Totaling Over $1 Billion Returned to Harmed Investors

The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC's action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading entities. Upon completion of this final distribution, over $1 billion will have been returned to affected investors, representing 100% of their net principal investments. The SEC charged Walsh, Greenwood, and their affiliated entities with orchestrating a brazen investment fraud involving the misappropriation of investor assets. The U.S. Commodity Futures Trading Commission filed related charges against the defendants at the same time. The SEC obtained emergency relief and, ultimately, judgments against the defendants, and Walsh and Greenwood pleaded guilty in parallel criminal actions based on the same underlying conduct.