News | January 14, 2010

Greenwood and the Three (Million Dollar) Bears

News | January 14, 2010

Former New York Islanders owner and North Salem Town Supervisor, Paul Greenwood has put his Westchester home on the market for $8 million dollars. (The house along with the entire 16 acre property it sits one can also be purchased for $10 million).

The property did not only house the Greenwood, who was convicted of fraud (to the tune of $553 million) this spring. It was also home to his $3 million collection of German Steiff teddy bears. According the SEC’s tally of the home’s assets last year, one teddy bar was decked out in “a lavender-tipped mohair coat and felt spats”. Whether Greenwood was able to dress that bear in this year’s fashions remains unknown.

The house is listed by Prudential Holmes & Kennedy.

Via: NY Mag

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