Wall Street Scandals hitting way to close to home

North Salem's town supervisor, along with his partner, was charged with misappropriating over $550 million dollars from universities, charities, and public pension funds. They allegedly used the money to make purchases including horses, property for an Ex-wife, $3 million dollars worth of German Teddy Bears.

Paul Greenwood and Stephan Walsh, owners of Westridge Capital Managment and WG Trading Investors, await criminal and civil charges and face 20 years in prison. Their assets have been frozen and their bonds have been set at $7 million dollars each.

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