HEAT ALERT

Extreme heat blankets the region starting tomorrow and could last until the weekend

North Salem reeling from Greenwood arrest

Residents of the posh North Salem community have been shocked to learn that Town Supervisor Paul Greenwood is accused of swindling hundreds of millions of dollars. Federal prosecutors contend Greenwood

News 12 Staff

Feb 27, 2009, 3:47 AM

Updated 5,590 days ago

Share:

Residents of the posh North Salem community have been shocked to learn that Town Supervisor Paul Greenwood is accused of swindling hundreds of millions of dollars.
Federal prosecutors contend Greenwood and his business partner, Stephen Walsh, had used a Ponzi scheme to steal money from investors for 13 years. None of the criminal charges involve town money.
Town Clerk Veronica Howley says there is nothing the municipality can do to force Greenwood out of office unless he is convicted or resigns on his own accord.
"At this point, Mr. Greenwood has not made any decision as to whether or not he will be resigning as town supervisor," she says.
Since his arrest Wednesday, Greenwood has not been to his North Salem office, and it remains unknown whether he will preside over the next town board meeting March 10.
If Greenwood should resign or be convicted, the job of town supervisor would be taken over by current Deputy Supervisor Warren Lucas until the end of the year.


More from News 12
2:20
HEAT ALERT: Nearly all Mid-Hudson under heat advisory Tuesday

HEAT ALERT: Nearly all Mid-Hudson under heat advisory Tuesday

2:23
Westchester County preps for intense heat

Westchester County preps for intense heat

2:04
Yonkers police sergeant accused of excessively kicking and punching man during arrest

Yonkers police sergeant accused of excessively kicking and punching man during arrest

2:04
John Oliver eats giant Deising's cake bear, pledges $10K donation to Peoples' Place of Kingston, NY

John Oliver eats giant Deising's cake bear, pledges $10K donation to Peoples' Place of Kingston, NY

1:54
Lawmakers, environmentalists call on Gov. Hochul to reject natural gas expansion project

Lawmakers, environmentalists call on Gov. Hochul to reject natural gas expansion project

1:33
Exclusive: Workplace probe finds allegations by 3 women against ex-City of Newburgh police chief ‘not supported’

Exclusive: Workplace probe finds allegations by 3 women against ex-City of Newburgh police chief ‘not supported’

1:06
Officials: Harriman sewage treatment plant at or near maximum capacity

Officials: Harriman sewage treatment plant at or near maximum capacity

0:39
State DOT approves permit for turn signal at high-traffic intersection in South Blooming Grove

State DOT approves permit for turn signal at high-traffic intersection in South Blooming Grove

0:18
Caught on camera: Water main break creates geyser in New City

Caught on camera: Water main break creates geyser in New City

0:21
Caught on camera: Bear approaches Orange County woman's home

Caught on camera: Bear approaches Orange County woman's home

1:54
Turn to Tara: Weight loss drug craze fuels surge in online scams

Turn to Tara: Weight loss drug craze fuels surge in online scams

1:01
Headlines: Saugerties Halloween murder, firefighter arson, political campaign theft

Headlines: Saugerties Halloween murder, firefighter arson, political campaign theft

0:41
Newburgh city hall reopens after cybersecurity attack

Newburgh city hall reopens after cybersecurity attack

0:27
Orange County unveils new logo, slogan and mascot

Orange County unveils new logo, slogan and mascot

0:20
Saw Mill River Parkway reopens after tractor-trailer hits Pleasantville overpass

Saw Mill River Parkway reopens after tractor-trailer hits Pleasantville overpass

0:23
Police: Man shot multiple times in Newburgh; suspect sought

Police: Man shot multiple times in Newburgh; suspect sought

1:45
Legislation aimed at keeping schools from overheating awaits governor's signature

Legislation aimed at keeping schools from overheating awaits governor's signature

2:02
 A potential heat wave is coming. These sunscreen tips can save your skin

A potential heat wave is coming. These sunscreen tips can save your skin

Your Hudson Valley Graduation Photos

Your Hudson Valley Graduation Photos

1:52
Annual Juneteenth celebration draws crowds to Wolf's Lane Park in Pelham

Annual Juneteenth celebration draws crowds to Wolf's Lane Park in Pelham