|“||"Well, I was and still am a Serpent. They put me through college. Law school."||„|
|~ Penny Peabody to Jughead Jones.|
|"Blood for blood. An eye for an eye. I want back in with the Serpents and him kicked out. Oh yeah, one last thing, I want his tattoo carved off, and I want to do it myself with a dirty knife."|
|— Penny to FP[src]|
Penny Peabody is a recurring character on the second season of Riverdale. She is portrayed by Brit Morgan.
Penny Peabody is a Southside lawyer from Riverdale affiliated with the Southside Serpents gang. She becomes the lawyer for the Jones family after FP Jones is brought up on criminal charges and facing jail-time. However, she does not take monetary payments from fellow Serpent members, but instead, she demanded favors, which she expected in return should the time come. Penny also ran a secret drug trafficking operation, involving the transportation of what she refers to as "pancake mix", from the Southside of Riverdale to Greendale. She later went on to recruit Jughead Jones as her "transportation advisor", otherwise known as her drug-runner, until he exiled her to Greendale.
Penny Peabody's exact early life is not known, but she was apparently a member of the Southside Serpents, who, in her own words, put her through College and Law-School. As such she retains her loyalty to them, and gets payment from them in the form of "favors" rather than cash payouts.
In Bed With The Snake Charmer
After F.P. Jones is brought up on charges of conspiracy and tampering with evidence in a criminal investigation, he is threatened with jail-time if he does not name names. F.P. refuses to do so, and is thusly incarcerated. Not long after, a desperate Jughead goes to Penny Peabody for legal help, which she provides, but she warns Jughead Jones that she will be expecting a favor from him one day in return, the first sign of her not being on the up and up.
Sure enough, Penny later contacts Jughead to call in her favor, also informing him that, after Jughead's father was jumped in the prison shower by vengeful Ghoulies, he is badly hurt and hospitalized. Penny has Jughead transport a crate containing an unknown substance, assuring Jughead that the job is reasonable and that it is a one-time deal. However, when Jughead and Archie transport the crate to the location Penny directed them to successfully, they discover that it is actually a crate of drugs, and that the warehouse in Greendale is the sight of a drug deal. Worse for Jughead, is that Penny has apparently told her partners that Jughead will be her regular delivery-boy from here on out. In other words, it is not a "one time deal". Checking up on his father in prison, Jughead then discovers yet one more piece of bad news: that his father was never jumped or beaten or hospitalized, meaning that Penny lied to him and tricked him into delivering the drugs under false pretenses. He angrily confronts her about this, but she reveals that she has footage of him and Archie transporting the drug crate, and warns him that if he fails to comply with her going forwards, she will send the footage to the police, essentially putting Jughead in her pocket indefinitely.
Kicked Out Of The Serpents
However, after Jughead alerts his father to Penny's blackmailing him, the latter not only resolves to remain with the Serpents, but Jughead later rallies the younger Serpents to kidnap Penny and take off her Serpent tattoo, symbolically stripping her of her membership within the gang.
Return Of The Snake Charmer
After the head of General Augustus Pickens' statue was stolen from Pickens Park, Penny was called in by Tall Boy to help the Serpents combat the two week eviction notice from Sunnyside Trailer Park that they were given by Sheriff Keller and Mayor McCoy. At the Whyte Wyrm, the Serpents gathered around Penny as she told them how Jughead forcefully took her to Greendale and slice a chunk out of her arm where her Serpent tattoo used to be. He left her in Greendale, bleeding in a ditch. Nonetheless, Penny was still willing to help the Serpents. While the eviction notices that Tall Boy had shown her were legitimate, she could think of a number of ways that would stall the process by years. Her price, however, was blood for blood. An eye for an eye. She not only wanted her membership with the Serpents reinstated, but she wanted Jughead to be kicked out in her place. Though, for her final demand in exchange for her services, she wanted to carve off Jughead's tattoo with a dirty knife.
An Alliance with the Ghoulies
Penny returns to Riverdale. She give Jughead a call. She sarcastically remarks that Riverdale burning to the ground is tragic. She suggests that they meet up to talk about it at his hangout by the docks. Should he refuse to meet up, Penny threatens to carve up Toni, who she has captured and restrained. When Toni tells Penny to go to hell, Penny threatens to cut out her tongue.
Jughead meets with Penny at his old hangout as planned. Toni, who is tied to the couch with rope, informs Jughead that Penny's not alone. She has apparently joined Malachai and the Ghoulies. She never goes anywhere with out back up now, not after what Jughead did to her. Besides, Penny and Malachai want to talk, but Jughead sees no reason to continue the conversation. He pulls out his knife and tells them that he's taking Toni. However, Malachai won't allow for it. With a taser in hand, he tells Jughead that he's been waiting to see him again for a long time. It seems that much like Penny, Jughead did not come alone. He called Cheryl, who armed with her bow and arrows, tells Malachai to stand down and requests that Toni be untied. Penny and Malachai comply, but Penny tells Jughead to remember that when his friends are dead, she tried to give him a chance to stop it. Jughead asks what Penny wants. She replies that she wants the Southside. There's money to be made in Riverdale. So, she partnered with the Ghoulies to sell drugs on the Southside. She makes Jughead one final offer. The Serpents leave Riverdale tonight or there will be a showdown at Pickens Park at dawn with the Ghoulies.
It would later be revealed that Penny, Malachai and the Ghoulies were hired by Hiram Lodge. Jughead meets with them after making a deal with Hiram. If he hands himself over to them, then there will be no bloodshed tomorrow. Penny doesn't quite understand why getting Jughead out of the way is so important to Hiram than an all-out Serpent annihilation. Jughead is vastly outnumbered. He questions if Malachai needed that much backup because he's afraid of him. Malachai replies that the only thing scary is what they're going to do to Betty when they find her. Jughead punches Malachai in the face. The Ghoulies then jump him. Penny watches as the Ghoulies brutally attack Jughead. She remarks that while he is a true hero, his sacrifice was for nothing because come morning, Riverdale as Jughead knows it will cease to exist. The Ghoulies then hold Jughead down as Penny gets her pound of flesh by cutting off his Serpent tattoo.
On the other side of town, at the Whyte Wyrm, Hiram calls a meeting with all his accomplices i.e. Penny, Penelope, Claudius, Malachai and Sheriff Minetta. It's been months in the making but the time has finally arrived. Hiram welcomes them all to New Southside. Penelope asks about Hermione, who Hiram explains can't be privy to certain machinations now that she's mayor. But the plan remains the same. The prison will soon be up and operational, with Claudius' drugs running through it. "Like brother, like brother", Penny comments. Malachai and his Ghoulies will be their soldiers and dealers, with Penny troubleshooting. And hopefully, doing a better job than she did of killing Jughead, Hiram remarks. However, as Penny explains, he wasn't breathing when they left him. Penelope reminds Hiram that he promised her a brothel, which Hiram intends to make good on. As for Archie, Jughead, Betty and Veronica, they are not of concern as far as Hiram is concerned as steps have been taken to tear them apart.