Did Fairfield Greenwich Group Commit Fraud For Madoff?

Those marked by Madoff cannot hide…

Noel knows "no thing"

…or hide the stink. If you need payday loans because you lost money to him, I offer my condolences

Associates of Ponzi scheme mastermind Bernard Madoff are now finding themselves in the crosshairs with no place to hide. Jessica Pressler writes in the “Daily Intel” column of New York Magazine that Madoff feeder fund Fairfield Greenwich Group must face the backhand of justice.

Massachusetts Secretary of the Commonwealth William Galvin filed a complaint against Fairfield Greenwich Group, alleging that their “flagrant and recurring misrepresentations to its investors rises to the level of fraud.” But this is not a criminal complaint. And amazingly, the filed complaint doesn’t indicate that  anyone at Fairfield “knew anything about anything.”

It all checks out!

Even though Fairfield Greenwich fed the Madoff monster $7 billion, they never took the time to know who they were sending it to or why. Perhaps it’s as they say in the Patrick McGoohan TV series “The Prisoner”: “Questions are a burden to others, answers are a burden to oneself.”

According to Pressler, all Madoff’s auditor had to tell Noel and his Fairfield Greenwich Group is that Madoff had “hundreds of clients” and was “well known in the local community.” Then Fairfield CFO Dan Lipton did his due diligence - he looked it up on the Internet! This is a prime example of the significantly “higher level of due diligence work” that’s made Fairfield Greenwich Group an agency worthy of a fraud investigation. They must be proud. ... click here to read the rest of the article titled "Did Fairfield Greenwich Group Commit Fraud For Madoff?"