Wall Street kingpinArthur Shaw, number 138 onthe Forbes 400 last year, was arrested...
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Wall Street kingpinArthur Shaw, number 138 onthe Forbes 400 last year, was arrested todayin Manhattan whiletrying to flee the city. Sources have confirmedthat he'll be charged with several countsof securities fraud and an immediate asset freezeof Mr. Shaw's holdingshas been ordered. Shaw's lawyershave called the arrest "another exampleof the Wall Streetwitch-hunt," but sources at the SECbelieve the fraud in this case could beof epic proportions
Full Transcript
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Wall Street kingpin Arthur Shaw
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number 138 on the Forbes 400 last year
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was arrested today in Manhattan while trying to flee the city
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Sources have confirmed that he'll be charged
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with several counts of securities fraud
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and an immediate asset freeze of Mr Shaw's holdings has been ordered
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Shaw's lawyers have called the arrest
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another example of the Wall Street witch hunt
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but sources at the SEC believe the fraud
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in this case could be of epic proportions
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Movie Summary
When a group of hard-working guys find out they've fallen victim to their wealthy employer's Ponzi scheme, they conspire to rob his high-rise residence.
