WSJ: Madoff Trustee Sues Fairfield Greenwich Funds, Seeks $3.5B
Wall Street Journal
By Amir Efrati Of THE WALL STREET JOURNAL The trustee of Bernard Madoff's defunct firm on Monday sued investment funds run by Fairfield Greenwich Group for ... PLEASE SEE: Greenwich Roundup Exclusively Reported Back In January That Walter "Feeder Fund" Noel Would Close Fairfield Greenwich Group By The Summer..... 1/31/09 EXCLUSIVE: You Wont Read This In The Greenwich Time - End Maybe Near For Madoff "Victim" Fairfield Greenwich (Updated) Local Greenwich Sources Tell Greenwich Roundup ....
Hedge fund firm Fairfield Greenwich, which lost more than half of its assets to scummier Bernard Madoff, is in the process of or preparing to winding down operations and could shutter its doors by summer.
The fund, which is headed by Greenwich Resident Walter Noel has been rumored to have cut its staff by 30 - 50% Greenwich Roundup has learned and people familiar with the situation have said that some remaining Fairfield Greenwich employees have been told that they may be let go by late July. Generous severance packages are being offered to keep key staff members on board and quite.
Walter "Feeder Fund" Noel lost a who headed the Fairield Sentry Fund "invested" a whopping $7.5 Billion with his chum Bernard Madoff. Fairfield Greenwich Investors have been lead to believe that there was an additional $6,5 Billion left to pay investors back. This might not be entirely accurate.
While Walter "Feeder Fund" Noel has suspended seeking new investors and has said ,"it retains the staff necessary to seek and recover any available Madoff assets."
The formerly high flying Fairfield Greenwich Group had $7.5 Billion out of $14 Billion in assets invested with Walter Noel chum Bernie Madoff through the firms fund of hedge funds, known as Fairfield Sentry.
Walter Noel who long ago suspended investor redemption requests for non-family members and is now apparently working toward selling off the firms surviving assets held in offshore tax havens.
Also wounded by the Madoff scandal is hedge fund firm Tremont Group run by Mass Mutual . The Rye New York fund also lost more than half of its assets ($3.1 Billion) to Madoff. Press reports last week said that Tremont was in the process of shutting down operations.
PLEASE ALSO SEE: 2/09/09 : FAIRFIELD GREENWICH GROUP: The Fire Sale Begins Fairfield Founders Begin Selling Assets At Soon To Be Closed Hedge Fund FLASHBACK: Blogger Greenwich Diva Is The First To Report On Madoff In Greenwich 12/11/08 The Raw Greenwich Bog And RSS Feed For Thursday Greenwich Diva
Bernard “Bernie” Madoff arrested and charged with securities fraud- ponzi scheme - Dec. 11 (Bloomberg) — Bernard Madoff, president of Bernard Madoff Investment Securities, a market maker for hedge funds and banks, was charged with securit...
IF Greenwich Residents Wanted To Learn About The Madoff Ponzi Scheme And How It Was Related To Greenwich, Then They Had To Ignore The Local Mainstream Media And Go To The Local Bloggers, Because None Of The Newspaper Websites Had Anything On Madoff.
But For Those Who Only Trust Newspaper Reports They Had Two Choices, Wait For The Greenwich Time And Other Local Newspapers To Get Up To Speed
Or You Can Read:
All 29,840 Google Newspapers Articles From Around The World
Not One Of These Newspaper Article Links
Are From The Greenwich Time WHERE WAS THE GREENWICH TIME? 12/17/08 To Read About LOCAL Greenwich News Stories About Big Loser Walter Noel You Have To Buy The New York Times - Where Is The Greenwich Time ????? Chris Fountains News And Real Estate Blog "For What It's Worth" Is All Over The Madoff Scandal While His Former Employer The Greenwich Post Has Not Published One Article" 12/17/08 In Massive Madoff Fraud Case, Greenwich Middleman Walter Noel Is Now In The Spotlight MORE INFORMATION: 12/12/08 PRESS RELEASE: Thanks A Lot Bernnie - Fairfeild Greenwich Group Is Out $7.5 Billion - That's Billion With A Big Fat "B". 12/13/08 The Raw Greenwich Blog And RSS feed: Bloggers Who Are From, Work In Or Used To Live In Greenwich
THERE IS A LOT OF BUZZ ABOUT MADOFF ON GREENWICH BLOG AND FEEDS
12/15/08 Greenwich resident Walter Noel's Fairfield Greenwich Group Sent Madoff $7.3 BILLION As Funds Earned Fees (Updated) 12/16/08 GREENWICH HEDGE FUND UNLIKELY TO SURVIVE: Greenwich Resident Walter M. Noel will likely be singing the blues this Christmas. 12/18/08 Victims Of Greenwich Resident And Bernie Madoff Middle Man Walter Noel Are Contacting High Powered Lawyers. 12/19/08 Madoff Middle Man Walter "Feeder Fund" Noel Goes To Court And Loses. Appeals And Loses Again 12/24/08 Madoff's Greenwich Fraud Victims Who Invested With Walter "Feeder Fund" Noel Might Be Interested In This Article 12/24/08 A Class Action Suit Has Been Filed Against Walter "Feeder Fund" Noel 12/26/08 Chris Fountain Continues Reporting On Greenwich Resident Walter Noel 12/27/08 SEC Investigators Are Focusing On Greenwich Resident Walter “Feeder Fund” Noels. The Feds Are Digging For Clues At Greenwich Fairfield 12/29/09 The Wall Street Journal Puts The Focus On Colombian born Andrés Piedrahita, a son-in-law of Walter Noel, founder of the Fairfield Greenwich 12/29/08 Fairfield Greenwich Investors Seek Out Walter Noel's Offshore Accounts 12/29/08 Berfore The Madoff Scandal: Fairfield Greenwich founder Walter Noel was known as the owner of the loins from which sprung five total babes!!! 12/29/08 Let's Take A Little Peek At Some Of Walter Noel's Greenwich Fairfield Documents 12/30/08 PRESS RELEASE:New York Law Firm Zwerling, Schachter & Zwerling, LLP Investigating “Feeder Funds” in Madoff Fraud Case 12/31/08 Where Did The Fairfield Greenwich Money Go? Well Walter Noel's Partner Sent A Big Fat Wad Up To The Saratoga New York Area. 12/30/08 It Will Cost 28 Million To Liquidate Madoff Fund. How Much Will It Cost To Liquidate Walter "Feeder Fund" Noels Fairfield Greenwich Group? 1/3/08 Walter Noel Roundup: A Fool And His Money Are Soon Parted - Fairfield Greenwich Group charge 1.5% annual management fees plus 20% of profits ? 1/4/09 The main Madoff-related vehicles for Fairfield Greenwich Group, a major Madoff feeder fund, are registered in the British Virgin Islands. 1/07/09 Some Of Bernard Madoff's Greenwich Investors: Oh Vey !!! The Greenwich Jewish Community Gets Taken To The Cleaners 1/7/09 Here Is Another Report That Greenwich Resident "Walter "Feeder Fund" Noel Ignored Warnings About Bernard Madoff's Ponzie Scheme 1/9/09 An Update On The Lawsuit Against Walter Noel And Fairfield Greenwich Group 1/13/09 VIDEO: New Restrictions on Madoff, but No Jail, But Walter Noel Runs Around Free As Can Be 1/14/08 Feeder fund mogul Walter Noel was part of the conspiracy of silence 1/15/09 More Fallout From Greenwich Resident Walter "Feeder Fund" Noel: Spanish Bonds Go On Rattings Watch 1/16/09 Now The British Are Going After Greenwich Resident Walter Noel 1/21/09 BLOOMBERG: WALTER NOEL'S VICTIMS MAY BE SAVED BY UNCLE SAM
01/21/09 Another Victim Of Greenwich Resident Walter "Feeder Fund" Noel Comes Forward
1/23/09 Whacky Judge Refuses To Freeze The Fees Paid To Walter "Feeder Fund" Noel's Fairfield Greenwich Group 1/24/09 GREENWICH REPUBLICAN VALUES IN ACTION: Walter Noels Daughter - In - Laws Kiss And Make Up 01/24/09 Unemployed Frairfied Greenwich Executive Tried To Sell His Town House For $36 Million. Brokers Say He Might Get $30 Million 2/2/09 Many Of Fairfield Greenwich's Victims Have Wanted To Slap The Judge Responsible For Liquidating Maddoff's Firm, But His Wife Beat Them To It... 03/30/09 The Noel's are not like you and me -- Or -- The greedy will always be with us. ... 04/01/09 Madoff paid fees to Greenwich resident Walter Noel that were far above normal and demanded an unusual amount of secrecy 04/02/09 'This Conversation Never Took Place,' Bernie Madoff Told One Fairfield Executive, Per Court Documents 04/03/09 Why aren’t these guys in jail? The Noel clan including the son in law’s are involved in all sorts of chicanery Finally Bruce Hunter Comes Out Of His Self Induced Comma: 04/09/09 Greenwich Time Editor Bruce Hunter Starts To Cover Walter "Feeder Fund" Noel With A Wire Report. Now Maybe He Will Finally Asign A Reporter MORE ON BRUCE HUNTER: 01/21/08 Is Bruce "Low Tech" Hunter Letting His Hard Disk Go Floppy? Hearst Newspapers Should Delete A Managing Editor Who Ignores Online Readers THE WORLD WIDE WHAT ????
OLD STYLE NEWSPAPER MAN DOESN'T UNDERSTANDTHIS NEW FANGLED INTERNET THING -A- MA-JIG !!!
Town mocks managing editor as computer illiterate
""Things have changed in the last 26 years, but Bruce Hunter hasn't."
Give Hunter an out-of-style suit, a disco ball, a clunky phone, an outdated computer and a Rubik's Cube and he he is a happy camper.
Our economy wouldn't survive without the Internet, and the cyber-world continues to represent the only hope of saving the Greenwich Time from becoming extinct
The Raw Greenwich News Feed Continues....... | 
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