Bear Market: HF Manager with Love for Teddy Bears

What do you get when you mix Bernie Madoff and Teddy Bears? You get Paul Greenwood. In 2014 he got charged with 6 counts of securities fraud.

Greenwood, as some of you may recall, led a teddy bear-loving lifestyle that at its peak included 1,348 bears worth $3 million, which he showcased in “collector display cabinetry” at the top of a dramatic spiral staircase and kept track of via a spreadsheet that included specifics like “full-dressed in sailor suit, lavender-tipped mohair coat [and] felt spats.”

Seriously? This guy took all that risk to build up his luxury stuffed animal collection? Anyways, he got 5 years off his sentence. It's going to be about 4 more years till he gets to snuggle with any of them though.

What do you guys think of this ridiculousness? Have you heard of anything more bizarre than this?

Deal Breaker
Bloomberg

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