01/21/09 Another Victim Of Greenwich Resident Walter "Feeder Fund" Noel Comes Forward

MORE TRUST FUND BABIES ARE CHECKING THE CLASSIFIED ADS THANKS TO GREENWICH GOLDEN COUPLE WALTER AND MONICA NOEL ....



Another One Bites The Dust Thanks To Walter "Feeder Fund" Noel

You Wont Read This On The Business Pages Of The Greenwich Time....

WALTER "FEEDER FUND" NOEL STRIKES AGAIN !!!!!

Yet Another Loser Emerges in Madoff Scandal
New York Times Blogs

Auriga International Advisers, a hedge fund company registered in the British Virgin Islands, lost more than 400 million Swiss francs, or about $350 million, that had been invested with the disgraced financier Bernard L. Madoff, the company’s main shareholder said Wednesday.

Jacques Rauber, who is described as the majority shareholder of Auriga International Advisers in a 2007 filing to Britain’s business register, confirmed reports in the Swiss weekly SonntagsZeitung that the company’s Auriga International fund was wholly invested in the Fairfield Sentry fund, The Associated Press reports.

That fund, run by Walter M. Noel’s Fairfield Greenwich Group in Connecticut, invested all its $7.3 billion in assets with Mr. Madoff, who is accused of running a $50 billion Ponzi scheme....

...Information about Auriga’s investors was scarce. The company says on its Web site that ”clients include both institutional investors and high net worth individuals.”

Auriga is licensed to provide financial management services by authorities on the British Virgin Islands, a Caribbean tax haven known for its corporate and banking secrecy.

Go to Article from The Associated Press via The New York Times »
================================================================
Please send your comments to Greenwich Roundup@gmail.com

1/16/09 Now The British Are Going After Greenwich Resident Walter Noel

UK REGULATORS PUTS THE GOLDEN GREENWICH COUPLE IN IT'S CROSS HAIRS





Madoff ‘Feeder Funds’ Said to Be Probed by UK FSA





Bloomberg





Britain’s financial regulator is investigating the involvement of so-called feeder funds in Bernard Madoff’s alleged $50 billion fraud, according to two people with knowledge of the case.



The Financial Services Authority is looking at how U.K. regulated firms were involved in what Madoff allegedly said was a “giant Ponzi scheme,” the people said on condition of anonymity because the subject of the probe isn’t public. The FSA is also reviewing the role of custodian banks, the people said.



Feeder funds took money from investors and placed it with Madoff’s Bernard L. Madoff Investment Securities LLC. The U.K. Serious Fraud Office said last week it’s investigating Madoff’s U.K. operations, which managed his family’s personal funds.





“The FSA’s task is to look after its own backyard but also to help with the Americans’ backyard,” said Tony Woodcock, a regulatory lawyer at London-based Stephenson Harwood. “While the FSA will probably be looking at civil proceedings, ultimately if a U.S. offense has been committed on British soil, there could be an extradition.”



Other European nations have also begun probes into Madoff’s alleged fraud. Paris prosecutors said last week that they were reviewing whether French investors who lost money were victims of a crime. The FSA will be looking into whether fund strategies were deliberately misrepresented, said Woodcock.



‘Investor Protection’





“The FSA is going to be more interested in investor protection and whether compensation should be paid to investors,” said Andrew Shrimpton, a London-based hedge-fund adviser from Kinetic Partners who used to head the FSA’s alternative investment team. “The SFO will be more directly interested in the employees of the Madoff firm in London.”



Stephen Raven, the head of Madoff Securities International Ltd., the London-based proprietary trading firm that invested Madoff’s family money, said in an interview that he “knew nothing” about the alleged crime, and that he is cooperating with the FSA and the SFO.



The investigations are at an early stage and the people with knowledge of them didn’t mention firms by name. The FSA has said it expects companies that it regulates to comprehend the strategy of funds they invest in.



Dan Waters, the FSA’s director of retail policy and conduct risk, said the regulator had started “examining the issues as they relate to us.”





Custodians



FIM Advisers LLP, a London-based investment firm run by Carlo Grosso and Federico Ceretti, is a consultant to Bermuda- based Kingate Management Ltd., which manages the Kingate funds that invested with Madoff. A call to FIM’s London offices today wasn’t answered.



Fairfield Greenwich Group, Walter Noel’s hedge-fund firm that had $7.5 billion with Madoff, was sued this week for at least the third time by investors in the U.S. over claims it failed to protect their assets. It has 18 employees in London who are licensed by the FSA, according to the regulator’s Web site.





“Fairfield Greenwich intends to cooperate with all regulatory procedures,” said Thomas Mulligan, a New-York based spokesman for the firm.



The FSA is also looking at whether financial custodians’ duties were breached, the people said. Custodians are typically banks charged with oversight of funds’ cash inflows and payments to investors........

HERE IS THE LATEST FAIRFIELD GREENWICH ROUNDUP:

Fraga Targets Brazil Illiquid Assets After Fund Underperforms


Bloomberg


New York-based Fairfield Greenwich Group’s Fairfield Sentry fund, which invested exclusively with Madoff, reported an average annual return of 11 percent ...





Financial Services Companies Targeted as Securities Filings Soar ...


Law.com, CA


.... class action was filed against hedge fund Fairfield Greenwich Group in Manhattan Supreme Court, Anwar v. Fairfield Greenwich, 08-603769, with investors ...





Wall Street Corruption & Despair Continue


The Market Oracle, UK


Fairfield Greenwich, the investment firm run by Madoff chum Walter Noel, lost $7.5bn in the fraud while womenswear magnate and Madoff mentor Carl Shapiro ...





Bill Christine


HorseRaceInsider.com, Canada


It has been reported that the Fairfield Greenwich hedge-fund investment group, which was co-founded by Jeffrey Tucker, a New York breeder, lost $7.5 billion ...





Best Legal Job in America: Representing Walter Noel


Cityfile, NY


This week, Noel's hedge fund, Fairfield Greenwich, was sued for a third time in as many weeks. The plaintiffs in the most recent suit include several ...

================================================================
Please send your comments to GreenwichRoundup@gmail.com

12?24/08 1.4 Billion Madoff Victim Commits Suicide (Updated: Dead Links Removed New Links Added)

Dr. Seuss’s New Suicide Book For Bernard Madoff Victims

Do you like

To cut your wrists?

I sometimes like to.

I am Chris.

I sometimes like

To cut my wrists.

Would you wipe the blood up

with a cloth?

Would you wear black

with a goth?

I like to cut them

With a knife

I like to cut them.

I hate my life.

I like to cut them

here or there.

I like to cut them

Anywhere.

I sometimes like to cut my wrists.

I sometimes cut them I am Chris.

Would you cut them

in a glade ?

Would you cut them

with a blade ?

In a glade

With a blade

With a cloth

With a goth

I would cut them here or there

I would cut them anywhere

I would like to cut my wrists

I sometimes cut them I am Chris.

Would you ?

Could you ?

In a car ?

Cut them !

Cut them !

See my scar!

FRENCH MONEY MANAGER CUTS WRISTS OVER LOSS

An Aristocratic French Executive And Yachts man who hobnobbed with Royalty Committed suicide after losing $1.4 Billion to Walter Noels buddy Bernie Madoff.

Suicide by Madoff investor only adds to mysteries

Jan 2, 2009
By Alex Berenson and Matthew Saltmarsh NEW YORK: In the days after Bernard Madoff was arrested and accused of orchestrating a $50 billion Ponzi scheme, ...International Herald Tribune - 10 related articles »

Madoff Investor’s Note to Brother Says Honor Prompted Suicide

Bloomberg

Day before husband's suicide, wife of French financier ruined by ...

New York Daily News, NY - Dec 27, 2008

BY VERONIKA BELENKAYA

The day before a French aristocrat killed himself in despair over the Bernie Madoff Ponzi scheme, he was preparing to part with some ...

Video: Madoff Victim Commits Suicide

CBS

Madoff investor found dead in apparent suicide, police say

CNN

All 1,907 news articles »

COMMENTS:

Walter "Feeder Fund" Noel's Clients Had Dreams Too.

News that a hedge fund manager slammed in the Madoff scandal committed suicide did not come as a shock to some of Fairfield Greenwich's clients.

Greenwich Roundup had already predicted that what Bernnie Madoff did was so outrageous that it would have ramifications like this.

Please See:

12/13/08 Suicide hotlines in town could be lit up today as investors begin to realize how much they've lost in rip-off scheme perpetrated by Madoff

ALSO:

This Isn't Only Money. This Is Peoples Lives.

Some Greenwich Fairfield Investors Had Planed To Live Off Their Nest Egg And Then Pass On The Remainder To Their Children.

Now They Don't Know How They Will Pay For Their Kids Private School Or Pay Their Mortgage.

Walter Noel Handing Billions Over To Madoff Has Dramatically affected The Lives Of Greenwich Fairfield Investors. Some of Noel's Clients Are Having To Look For Work In A Shrinking Economy.

These Victims Are Just Beaten Up By The Whole Thing And The Future Looks Dismal Right Now.

Everyone One Is Sad To Hear About The Suicide.

It Has Been Rumored That Greenwich's Trust Fund Babies Have Been Unable To Get Up Enough Energy To Go Out On The Golf Coarse Since The Scandal Broke.

Walter "Feeder Fund" Noel's Failure To Perform Due Diligence On Madoff Has Destroyed Lives And People Don't Know Where To Turn To.

Walter Noel's Investors Feel Degraded.

Adding Insult To Injury To Fairfield Greenwich Investors Is That Madoff Is Spending His Days In A Luxury Penthouse Apartment In Manhattan.

God Only Knows Why Madoff Is Not Sitting In Jail Awaiting Trial.

Another Insult To Walter "Feeder Fund" Noel's Clients Is That They Are Paying For Madoff's 24 Hour Guard.

That's Fairfield Greenwich Investor's Money That Madoff Is Paying With.

If Walter "Feeder Fund" Noel's Best Buddy Bernie Is Starting To Push You Over The Edge Don't Pick Up A Razor Blade. Seek Out Some Help.

If You Are Too Embarrassed To Call The Suicide Hotline, I Can Tell You That Many People In And Around Greenwich Find Help Here:

Harvest Time Church, Greenwich, Connecticut - Welcome!

Harvest Time Church is a Spirit-filled church in Greenwich, Connecticut serving the communities of Lower Fairfield and Westchester Counties.

One Last Word:

Listen Living With Out Millions Of Dollars In The Bank Is Not So Hard.

Trust Me, I Have Done It All My Life.

You Will Get Used To It After A Bit Of Time

Also, Please Don't Send Me Emails Telling Me I Am Going To Hell For The Above Fake Dr. Seuss Poem. I Have Already Started Packing My Bags.

================================================================

Please send your comments to GreenwichRoundup@gmail.com or click on the comments link at the end of this post.