Age, Biography and Wiki
Paul Greenwood (money manager) was born on 1947, is a businessman. Discover Paul Greenwood (money manager)'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 76 years old?
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We recommend you to check the complete list of Famous People born on 1947.
He is a member of famous businessman with the age years old group.
Paul Greenwood (money manager) Height, Weight & Measurements
At years old, Paul Greenwood (money manager) height not available right now. We will update Paul Greenwood (money manager)'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Paul Greenwood (money manager) Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Paul Greenwood (money manager) worth at the age of years old? Paul Greenwood (money manager)’s income source is mostly from being a successful businessman. He is from . We have estimated
Paul Greenwood (money manager)'s net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
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businessman |
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Timeline
The sentence was later overturned by the U.S. Court of Appeals for the Second Circuit, which found that Judge Cedarbaum erred in basing the sentence in part on the finding that some victims suffered severe financial harmed, and returned the case to the district court for re-sentencing. At the re-sentencing hearing, Judge Loretta A. Preska, who took over the case after Cedarbaum's death, reduced Greenwood's sentence by five years, citing his long history of charity and significant cooperation with a court-appointed receiver and federal prosecutors (who secured a guilty plea and prison sentence against Walsh); Preska also considered the fact that 98% or 99% of investors had recovered their money. Greenwood expressed remorse for the crime. Greenwood was imprisoned at the federal prison in Butner, North Carolina, and released in July 2019.
On July 28, 2010, Greenwood pleaded guilty to six counts of securities fraud. On December 3, 2014 he was sentenced to a decade in federal prison by Manhattan U.S. District Judge Miriam Goldman Cedarbaum, who told him "many people today lost many thousands of dollars as a result of your fraud."
Greenwood and Walsh were arrested on February 24, 2009, and charged with scheming to defraud investors of $554 million. The scheme, which lasted from 1996 to 2009, defrauded investors, including the University of Pittsburgh, Carnegie Mellon University, Wells Fargo Bank, the Sacramento County Employees Retirement System, and the Kern County Employees Retirement Fund. The scheme involved unauthorized investments and the reporting of "arbitrary return rates" to investors that failed to account for losses. The scheme collapsed following the global financial crisis and a National Futures Association audit that revealed promissory notes used by Greenwood and Walsh to account for losses and withdrawals.
Greenwood and Walsh established their first company in 1979 and became partners and executives at the Greenwich, Connecticut-based WG Trading Company. From 1992 to 1996, Greenwood and Walsh had a controlling stake in the New York Islanders franchise of the National Hockey League.
Paul Greenwood (born 1947) is a former American money manager and town supervisor who was convicted of securities fraud with business partner Stephen Walsh.