Wednesday, January 07, 2009

Winnetka FX Dealers Arrested

Did some shoveling and errands, now more news, this time in the more immediate neighborhood. HT Cal Skinner, the McHenry County Blog on the arrest of two futures traders for fraud. Here's the complaint. John E. Walsh was arrested at his home in Lake Forest and they caught up with Charles G. Martin of Glencoe in LA. Apparently they were two busy guys, dabbling with their customers' funds. Tribune:
Martin charged over $1 million "at a strip club and restaurants" over the course of 20 months, the government says, spent $50,000 at toy stores, and used his company credit card to finance $280,000 in jewelry-store purchases.

In addition, the complaint says that Martin and Walsh used hundreds of thousands of dollars they had diverted from One World to finance a never-released movie entitled "Order of Redemption."
Is this it?
"Order of Redemption" is a dramatic tale of corruption and self-realization, in which one man has to overcome a deep seeded conspiracy and his own lingering past in order to gain the redemption he desires.
Deep-seeded hmm? Well, they're going to need all the help they can get to redeem themselves.

UPDATE: I got the properly redacted version of this but the initial one is still out there obviously. I guess Patrick Fitzgerald's team has a lot of things on their mind. The complaint makes amazing reading. And we still don't know, who is Client 10?

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