Commodity Trader Paul Greenwood Sentenced to a Decade in Federal Prison for Billion-Dollar Investment Scam

The U.S. Commodity Futures Trading Commission (CFTC) has announced that New Yorker Paul Greenwood, who operated a billion dollar investment scam where he misappropriated at least $500 million from investors, was sentenced to 10 years in federal prison for charges related to his participation in the scam.

The criminal charges arose from Greenwood’s illegal solicitation and theft of investors’ money.  According to CFTC findings, from at least 1996 to 2009, Greenwood and a co-Defendant solicited more than $7.6 billion from institutional investors, including charitable and university foundations and pension and retirement plans.  The Defendants defrauded victims by falsely depicting that all investor funds would be employed in a single investment strategy that consisted of index arbitrage.  However, investors money was transferred to another entity from which Greenwood and the co-Defendant stole funds.

Silver Law Group represents investors in securities and investment fraud cases.  Our lawyers routinely handle NFA arbitrations and CFTC claims.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases are handled on a contingent fee basis  meaning that you do not pay legal fees unless we are successful.