Paul Greenwood, a former partner at WG Trading and a passionate collector of expensive and rare teddy bears, has had to part with his collection after he pleaded guilty to cheating investors out of $900 million. Greenwood told investors he was buying low-risk instruments, but as the New York Daily News reported, he instead spent the money on a variety of luxuries and toys—including a horse farm once owned by Paul Newman, a multimillion-dollar house, antiques and $80,000 worth of German-made Steiff mohair teddy bears. An auction for the stuffed animals and other antique collectibles will be held later this year. Greenwood could face up to 85 years in prison when he is sentenced in December.