Paul Greenwood (born 1947) is a former American money manager and town supervisor who was convicted of securities fraud with business partner Stephen Walsh.
[4] Prior to his arrest, Greenwood was the town supervisor of North Salem, New York and a treasurer at the local Episcopal Church.
[2] The scheme collapsed following the 2007–2008 financial crisis and a National Futures Association audit that revealed promissory notes used by Greenwood and Walsh to account for losses and withdrawals.
[6][2] 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.
[4] At the re-sentencing hearing, Judge Loretta A. Preska, who took over the case after Cedarbaum's death,[3] 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.