Hyper Local News Pages

Saturday, December 20, 2008

12/20/08 Walter "Feeder Fund" Noel's Road To Riches

"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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