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Morgan Stanley

Paul Galvez, Filipino Immigrant From Sussex County, Dies, 50 Paul Galvez, Filipino Immigrant From Sussex County, Dies, 50
Paul Galvez, Filipino Immigrant From Sussex County, Dies, 50 Paul Errol Galvez, a longtime Sparta resident, died on Tuesday, May 14, at the age of 50, according to his obituary on the Goble Funeral Home site. "EG" as he was known to his family, was the eldest of three children and grew up in the Philippines, his obituary reads. Growing up, he enjoyed reading, playing video games and reading comic books, along with  weekly visits with his grandparents,  according to his obituary. He later moved to Sparta, graduating from Sparta High and studying International Business at Rutgers University, working in financial services at ING, Morgan S…
Feds Indict Bergen Advisor For Stealing $3M From Senior Clients To Gamble, Buy Home, Gold Coins Feds Indict Bergen Advisor For Stealing $3M From Senior Clients To Gamble, Buy Home, Gold Coins
Feds Indict Bergen Advisor For Stealing $3M From Senior Clients To Gamble, Buy Home, Gold Coins A disgraced former broker and investment advisor is now under federal indictment for stealing more than $3 million from clients that authorities said he used to gamble and buy gold coins and a new house in Bergen County. Kenneth A. Welsh, 42, of River Edge, "used his position as an investment advisor to gain the trust of his victims," U.S. Attorney Philip R. Sellinger said. "(He) then exploited that trust,” Sellinger said. Welsh was working at Wells Fargo Clearing Services in Fairfield when federal authorities said he began shifting money from clients' accounts to that he controlled in Ju…
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond A Bergen County businessman was arrested by federal agents on charges of orchestrating a massive market manipulation scheme that caused one of the biggest Wall Street trading collapses in history. Sung Kook “Bill” Hwang put the entire financial system at risk by conspiring with his former chief financial officer to boost profits for his Archegos Capital Management by lying to banks to inflate the stock prices of publicly traded companies, federal prosecutors said on Wednesday, April 27. The fraud scheme ballooned Hwang’s personal fortune from $1.5 billion to more than $35 billion in a singl…