Steiff

According to the SEC's Complaint, those Defendants "used client money invested in WGTI as their personal piggy-bank to furnish lavish and luxurious lifestyle which include the purchase of multi-million dollar homes, a horse farm, cars, horses, and rare collectibles such as Steiff teddy bears."

Bill Singer: The $600 Million Teddy Bear Case 2010

The SEC claims that Messrs. Greenwood and Walsh used client funds as "their personal piggy bank to furnish lavish and luxurious lifestyles, which include the purchase of multimillion-dollar homes, a horse farm, cars, horses and rare collectibles such as Steiff teddy bears."

Ex-WG Trading Compliance Officer Pleads Guilty to Fraud 2009

In its civil complaint, the SEC alleges that Messrs. Walsh and Greenwood used client funds from WG Trading Investors as "their personal piggy-bank to furnish lavish and luxurious lifestyles, which include the purchase of multimillion-dollar homes, a horse farm, cars, horses, and rare collectibles such as Steiff teddy bears."

Pair Lived Large on Fraud, U.S. Says 2009

Instead, Mr. Greenwood and Mr. Walsh essentially treated their clients 'investments as their own and purchased multi-million dollar homes, a horse farm and horses, luxury cars, and rare collectibles such as Steiff teddy bears, according to the Web site.

unknown title 2009

Instead, Mr. Greenwood and Mr. Walsh essentially treated their clients 'investments as their personal piggy bank to purchase multi-million dollar homes, a horse farm and horses, luxury cars, and rare collectibles such as Steiff teddy bears, according to the Web site.

unknown title 2009

Instead, Mr. Greenwood and Mr. Walsh essentially treated their clients 'investments as their personal piggy bank to purchase multi-million dollar homes, a horse farm and horses, luxury cars, and rare collectibles such as Steiff teddy bears, according to the Web site.

unknown title 2009

Not surprisingly a toy company, 'Steiff' decided to join the bandwagon and released three models of toys based on the polar bear cub.

unknown title 2009

release on July 29, said the money taken was used "to purchase multimillion dollar homes, a horse farm and horses, luxury cars, and rare collectibles such as Steiff teddy bears."

Fund Manager Greenwood, Guilty of Fraud, to Sell $1.9 Million Teddy Bears - Bloomberg 2010

“Steiff Company” was creating bears that actually looked like the real thing.

Maul Window | SciFi, Fantasy & Horror Collectibles 2009

The owner, Margarete Steiff had a nephew that would sketch pictures of bears at the Stuttgart Zoo and show them to her, this inspired her to create her own.

Maul Window | SciFi, Fantasy & Horror Collectibles 2009