Westridge Capital Owners Arrested

Stephen Walsh, 64, and Paul Greenwood, 61, Charged with Federal Financial Crimes

On Tuesday, February 25, the two principals of Santa Barbara-based company Westridge Capital Management were arrested for embezzling more than $550 million in investor funds. Stephen Walsh, 64, and Paul Greenwood, 61, were charged with securities fraud, wire fraud, and conspiracy. According to a Securities Exchange Commission complaint, Walsh and Greenwood have, since 1996, been using client money “to furnish lavish and luxurious lifestyles.” Employees at the Carrillo Street office declined to comment.

To submit a comment on this article, email or visit our Facebook page. To submit information to a reporter, email

event calendar sponsored by:

Biggest Storm Since 1/9 Approaching Santa Barbara

The storm system brings increased threat of flash floods and debris flows.

Jack Johnson Tours Montecito Disaster Area Ahead of Benefit Concert

Jack and Kim Johnson met with Bucket Brigade leaders to see the destruction firsthand.

Iron Chef Caused State Street Pedestrian Death

Famous Chef Larry Forgione charged with misdemeanor for driving into Gilbert Ramirez on February 24.

Lavagnino’s Sudden Victory

5th District supervisor a shoo-in as filing window closes; Gregg Hart also unopposed for 2nd District.

One Half of Old Town Streets to Get Sidewalks

Walkways planned for one side of Goleta neighborhood streets; parking, lighting talks at community meeting March 22.