Rare books on receiver’s list
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- May
- 29
Paul Greenwood, facing felony charges for multi-million dollar security fraud, particularly liked to collect rare books. His treasured personal library had been a highlight of a tour of private libraries in North Salem and now is the subject of a list of assets assembled by court appointed officials.
A report on Greenwood’s holdings show he spent thousands of dollars to manage his property, upkeep his horse farm and collect stuffed teddy bears. But he also was a bibliophile.
Greenwood’s assets included Adam Smith’s “Wealth of Nations” valued at $60,000; “I Quattro Libri dell’ Architettura,” known as the Four Books of Architecture by Andrea Palladio from 1570 and valued at $45,000; and “Opticks” by Isaac Newton valued at $28,000.
The list of rare books showed Greenwood purchased nearly 30 books from 1998 through 2002. These are listed assets, according to receiver Robb Evans & Co. that reporter Elizabeth Ganga uncovered in a story on LoHud.com appearing today.
The books were purchased by New York City-based rare book dealers and the receivers’ report listed them, but it is unclear how and when those resources might be sold to raise cash to reimburse investors.
Greenwood and his partner, Stephen Walsh of Sands Point on Long Island, were arrested Feb. 25 on federal charges of securities fraud, wire fraud and conspiracy. They are free on $7 million bond.
Investors include Carnegie Mellon University, University of Pittsburgh, Iowa Public Employees Retirement System, and Sacramento County Employees Retirement System.
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on Friday, May 29th, 2009 at 4:18 pm by Barbara Nackman.
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