Skip to main content

Ponzi Schemer Kept Prized Bear Collection In Perfect Order

  • Author:
  • Updated:

Remember Paul Greenwood? He didn't get as much press as some other managers running Ponzi schemes last year, but we always liked the guy, because let his freak flag fly. He wasn't afraid to say, yes, I have an $80,000 collectible Teddy Bear, what of it, unlike some other frauds we can think of, who were, like, embarrassed for people to know about their decorative dolls. Anyway, P-dog is trying to sell his home in Westchester, which is why we now know that not only is he one of the biggest, most serious Bear Boys on the scene, but that:

1) They were showcased in "collector display cabinetry" at the top of a dramatic spiral staircase
2) The collection of bears is worth more than $3 million
3) That there are 1,348 of these things
4) That Greenwood kept a spreadsheet on his computer of all 1,348, noting specifics like "full-dressed in sailor suit, lavender-tipped mohair coat [and] felt spats." (This is not weird; as a collector of anything deemed of monetary or sentimental value, be it dildos or white board markers, you want to keep these things in order. Otherwise it's just chaos.)
Green Acres [NYP via Daily Intel]


getty images

Hedge Fund Manager Who Spent Investor Funds On Prized Teddy Bear Collection Gets Five Years Lopped Off Sentence

Teddy-loving Paul Greenwood will be home sooner than he and his beloved stuffed animals thought.