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Fairfield Greenwich Group
Latest Headlines
Latest Headlines
Noose tightening around Madoff feeder funds
Many victims of Bernard Madoff ( Bernard Madoff news), the incarcerated king of the Ponzi Scheme, have been frustrated at the lack of enforcement action against feeder funds like the Fairfield Greenwich investment fund, which was run by Walter Noel. He's well-known for parlaying his success pig
Trustee seeks money from Madoff feeder funds
The Fairfield Greenwich Group was among the feeder funds that suckled at the bosom of Bernard Madoff and grew fabulously wealthy. Then it all fell apart. As the investigation continues, trustees are making more aggressive moves to recover funds. The latest: Trustee Irving Picard has sued to recove
JPMorgan's Bernie Madoff scandal problem
In 2006, JPMorgan designed some complex derivatives to allow clients to enhance their bets on funds run by the Fairfield Greenwich Group, which basically existed to invest with Bernard Madoff. The deal called for the bank to invest some of its own money with Madoff.
But, according to the New
Questions about big middleman arise in Madoff case
Fairfield Greenwich Group, founded by Greenwich society newbie Walter Noel, has portrayed itself as a victim of the Bernie Madoff alleged fraud, which may be the biggest Ponzi scheme ever. But the New York Times offers an article about the very cozy ties between the two companies.
The firm
Society family embroiled in Madoff scandal
For some people, Walter Noel had "made it" when he and his "five stunning daughters" were featured in Vanity Fair under the headline "Golden in Greenwich." His fortune and social standing were built on his ties to Bernard Madoff. His Fairfield Greenwich Group basically existed to place investo
Auditors in spotlight over Madoff scandal
Fairfield Greenwich was one of several firms, serving as middlemen, that placed investor money with Bernie Madoff for a fee. They're starting to point the finger at their auditors. Fairfield Greenwich may sue auditor PricewaterhouseCoopers, and one investor has already sued Ascot Partners and its
Assessing the Bernie Madoff scheme
The scope of the Bernie Madoff alleged fraud is coming into focus, and it's getting even uglier. A $50 billion Ponzi scheme? It boggles the mind, especially when you think that the participants and victims were all savvy Wall Street players. But the power of personality goes a long way.
Lots o
