"The lazy person's road to riches" 160 Million A Year For Allowing Madoff To "Handle" His Investors Money
Walter Noel’s road map to success
— Founder of Fairfield Greenwich, a hedge fund based in New York but run out of Connecticut
— Fairfield Greenwich has lost $7.3 billion in the fraud, slightly more than half of its funds
— In 2007 Fairfield Greenwich raked in $160 million for turning over his investors money to the Madoff fraud fund
— Mr Noel owns at least three homes in the US – a flat on Park Avenue in the Upper East Side area of Manhattan, a home in Greenwich, Connecticut, and a villa in Palm Beach, Florida. Plus there are reports of a home in the Caribbean.
— He is believed to have known Bernard Madoff for 19 years and regularly introduced his clients to Mr Madoff’s investment business via his feeder fund.
— A graduate of Harvard Law School, he is married to a wealthy Brazilian socialite called Monica. They have five daughters who help attract fresh suckers to Daddy's feeder fund.
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