Crime and Punishment

Half-a-billion-dollar fraud nets lavish homes—and teddy bears

Half billion dollar fraud: Stolen funds, lavish life

Big homes, a slice of a hockey team and millions in antiques including teddy bears. Those were just a few of the items two con men bought with stolen cash, according to federal investigators.

Paul Greenwood and Stephen Walsh were living the high life—even owning a piece of the New York Islanders, according to investigators. But it turns out cash collected from unsuspecting investors was funneled to a shell company, prosecutors say.

"I knew we had something big when I saw it," said Jennifer Sunu of the National Futures Association.

Inside a $554 million investor scheme that prosecutors say was run by the two high-profile millionaires.

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