Recovering Losses caused by Investment Misconduct

Ohio’s Bowling Green State University Recovers From Investment Scam

As Ohio investment fraud attorneys, we frequently meet with people who have lost everything in a scam. Nothing makes us feel better than seeing these people recover what they lost.

This week, Ohio's Bowling Green State University recovered some of its money. The University received $12.3 of the $15 million total that was lost in an alleged investment fraud scheme in 2009.

Bowling Green invested $15 million with Westbridge Capital Managment, whose managers Paul Greenwood and Stephen Walsh were arrested in 2009 for their supposed investment fraud. The pair misappropriated more than $553 million and solicited more than $1.3 billion, according to the SEC.

BGSU is optimistic that it can recover more than the 83% of the investment already returned. Sheri Stoll, vice president for finance and administration, said "we are continuing to work with the court-appointed receiver and regulatory authorities to protect the university's interests and recover our investment."

A number of other universities and large public pension funds were also victims of Westridge. These included Carnegie Mellon, the University of Pittsburgh, Ohio Northern University, Iowa public employees, North Dakota public employees, San Diego County public employees, and Sacramento County public employees.

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The law firm of David P. Meyer & Associates helps Ohio investors recover the money they have lost in investment fraud scams or schemes. Contact us toll-free at 1.866.429.2360 or complete the online form on the top of this page to learn more about what an investment fraud lawyer can do for your case.