04/13/09 The Raw Greenwich Overnight News Feed:

If you want to know whats going on in Greenwich you have got to read the out of town newspapers......

Greenwich Resident And Madoff's Feeder Boy Walter Boel Has To Come Up With 10 Million Bucks.

Connecticut town secures assets in Madoff lawsuit
Reuters
These included Walter Noel and Jeffrey Tucker, who together founded hedge-fund firm Fairfield Greenwich Group; Andres Piedrahita, a managing director at Fairfield Greenwich ...

.....Under Monday's agreement, Andrew and Mark Madoff agreed to pledge up to $2.5 million each on houses they own in the wealthy town of Greenwich, Connecticut....

.....Walter Noel pledged up to $10 million on his house in Greenwich. Other Madoff feeder funds also pledged up to $2.5 million in cash escrows or property, the attorneys said.
The temporary freeze order was lifted......

Madoff-Linked Asset Freeze Lifted in Connecticut Suit
Bloomberg

.....The judge lifted orders against people and companies that included Madoff’s wife, Ruth; his brother Peter; his sons Andrew and Mark; Walter Noel Jr. and Jeffrey Tucker, founding partners of Fairfield Greenwich Group .

.....The freeze is in force only against Andres Piedrahita of Fairfield Greenwich, for the technical reason that he wasn’t served with the suit, and Bernard Madoff, who may be dropped as a defendant and controls no assets due to other legal actions.

“Our understanding is he’s about to be put into involuntary bankruptcy, and we may move to dismiss him from the case,” said the town’s lawyer David Golub of Silver Golub & Teitell LLP in Stamford.....

.....“For all those who say, ‘Why are you doing this? You’re never going to get any money,’ now we’ve created a pot,” Richard Robinson, a lawyer for Fairfield at Pullman & Comley LLC in Hartford ......

Noel of Fairfield Greenwich agreed to the attachment on his house “with no findings, including no finding of liability or wrongdoing,” Glenn Kurtz, a partner at White & Case LLP, said by e-mail......

.....Martin Flumenbaum, a lawyer for Mark and Andrew Madoff at Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York, didn’t return phone calls seeking comment....

Town secures assets in Madoff lawsuit
Forbes

.....Attorneys say the liens will make it easier to collect on an award if the town wins the lawsuit. Defendants whose assets were attached include Madoff's two sons and brother.....

.....An attorney for Noel declined to comment Monday....

Connecticut Town Sues Madoff to Recoup Pension Fund Losses
FOXBusiness

....Fairfield’s First Selectman Kenneth Flatto told the FOX Business Network that some 1,500 policemen, firemen and other municipal workers were affected by the Madoff scandal.

“All of these workers deserve their full pensions paid for,” he said....

Wealth Bulletin

The so-called “feeder” funds which channelised investors' money towards Bernard Madoff, possibly earned at least $790m (€599m) in fees over the years, as per a review of lawsuits and other documents emerging in the aftermath of Madoff's arrest, according to a report in The Wall Street Journal.....

Stamford police blotter
Stamford Advocate
Hit and run arrest: A Greenwich man was arrested after he struck a parked car and drove from the Bell Street garage early Monday, Stamford Police Lt. Sean Cooney said.

Diego Iglesias, 20, of 94 View St.....

....Officers observed Iglesias' 2000 Mitsubishi truck strike a car on the garage's second level, Cooney said; Iglesias drove from the garage onto Clark Street in the wrong direction before being pulled over on East Main Street.

Held on $2,500 bond, Iglesias is to appear in state Superior Court in Stamford April 24. ...

Rostovs' international legacy benefits Johns Hopkins
Norwalk Advocate
That's why he and his mother, Dorothy Rostov, a Greenwich resident, established the Rostov Lecture on International Affairs at the Johns Hopkins University ...

People & Places 4.14
Connecticut Post
Edwin McGuinn of Greenwich has been named president and chief revenue officer at The Alan S. Harris Group, a national human capital management consulting ...

Troopers charge 11 with DWI in Westchester, Putnam counties
Lower Hudson Journal news
Mary E. Palazzo, 25, of Greenwich, Conn., was arrested Thursday around 8:15 pm after a traffic stop on I-684 north in Harrison.....

Academy Award Winning Actress at the LOB on Tuesday
Hartford Courant
Currently, she appears in the well-known Fx series "Damages,'' playing a corporate attorney on the screen with former Greenwich resident Glenn Close and ...

Two construction plans peril oaks on Greenwich Ave.
Stamford Advocate
By Frank MacEachern

The foot of Greenwich Avenue could undergo a marked change as a bank expands on one corner and a new three-story building is proposed ...

Father-son duo defend husband and wife charged with extortion
Stamford Advocate
By Debra Friedman

Father-son legal team Mickey and Mark Sherman have signed on to defend an Ohio couple charged with extorting $100000 from a Greenwich man ...

Musicians bring jazz to community
Stamford Times
The program's eldest and only senior member is a 72-year-old Greenwich resident who has been playing the alto sax for many years, he said. ...

Senator Dodd tours to bank on change
WTNH
"My senator is the chairman of the Banking Committee, he has presided over the demise of the banking system as we know it," said Roger Pearson of Greenwich. ......

Lacrosse snaps losing streak with victory over Bryant
CU Columbia Spectator‎
The second half, meanwhile, belonged to Gabrielle Geronimos, as the sophomore from Greenwich, Connecticut, scored four goals in the period. ...

Town Hall hosts Housing Summit April 14
Darien Times
This panel will also include presentations by Stuart Adelberg of Greenwich United Way, Tim Hollister of Shipman & Goodwin, and Shenae Draughn of ...

College Notebook - MacKenzie stars for Vermont
Norwalk Advocate
Amanda Novak (Greenwich) belted a three-run homer as Springfield lost a 16-11 decision to Clark. Heidi Bittner (Darien/Westminster) had four goals and two ...

Goldman Sachs’s Fund May Find Deeper Bargains Amid LBO Detritus
Bloomberg
“Goldman’s timing is excellent,” said Laurence Allen, managing member of Greenwich, Connecticut-based Nyppex. “The returns of the top funds are ...

Another View: Ponzi Schemes Raise Tax Questions
New York Times Blogs
Similarly, Fairfield Greenwich Group, a fund of funds co-founded by Walter Noel, had invested over $7 billion of its clients’ money with Mr. Madoff. ...

Jim Himes to address Westport/Weston Y’s Men
Weston Forum
Putting his expertise in affordable housing to work, Mr. Himes served as a Commissioner of the Greenwich Housing Authority, ultimately chairing the board ...
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