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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Fairfield Greenwich Group

Fairfield Greenwich Group stories: 7 news summaries

Madoff on Fooling SEC: 'Just Be Casual'

Ponzi schemer taped giving associates tips to dodge regulators

Sep 10, 09 5:11 PM CDT
(Newser) - The most important thing to remember if you want to fool the SEC is to act casual, Bernie Madoff told executives at Fairfield Greenwich Group. “You don't want them to think you're concerned about anything,” the Ponzi scheme mastermind said in a phone call taped in 2005, CNN ... More »

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fraud • Massachusetts • federal investigation • finance • SEC • federal prison • SEC commissioners • Bernard Madoff • Fairfield Greenwich Group • Bernard L. Madoff Investment Securities • regulator • Securities and Exchange Commission

Madoff Feeder Fund Charged With Fraud

Mass. complaint vs. Fairfield Greenwich is regulatory, not criminal

Apr 1, 09 9:55 AM CDT
(Newser) - Massachusetts regulators charged Fairfield Greenwich Group with fraud today, the Wall Street Journal reports, saying it failed in its fiduciary duties by funneling money into Bernard Madoff’s Ponzi scheme. Fairfield was one of Madoff’s top feeder funds, and there was a “profound disparity between the due diligence... More »

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fraud • Ponzi scheme • Bernard Madoff • Fairfield Greenwich Group

Bank Dumped Madoff Funds— but Didn't Tell
Its Clients

JPMorgan beat scam while investors lost out

Jan 29, 09 6:00 AM CST
(Newser) - JPMorgan Chase emerged from Bernie Madoff's Ponzi scheme unscathed, but some of the bank's clients weren't so lucky. For years the bank offered its clients derivatives that were ultimately linked to Madoff, and also put $250 million in those funds. But a joint investigation by the New York Times and... More »

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Ponzi scheme • JPMorgan Chase • Bernard Madoff • Fairfield Greenwich Group • Bernard L. Madoff Investment Securities • recession depression

(Newser) - Government investigators are turning their eye to the middlemen who led clients into Bernard Madoff's long-running Ponzi scheme. The Wall Street Journal profiles five of them:
  • Robert Jaffe: A dashing Florida philanthropist, he funneled tony clients to ex-boss Madoff. Jaffe says he is a "victim of these tragic
... More »

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fraud • Ponzi scheme • financial irregularities • Bernard Madoff • Robert Jaffe • Fairfield Greenwich Group • Stanley Chais • Jeffrey Tucker • Andres Piedrahita • Robert Schulman • feeder

Fund Warned Clients Madoff 'Could Abscond With Assets'

Kingate Global's prospectus highlighted risks associated with Madoff Securities

Dec 23, 08 8:47 AM CST
(Newser) - One of the firms hardest hit by the $50 billion Bernard Madoff fraud warned investors in its prospectus that investing with Madoff was risky, saying explicitly that the brokerage “could abscond with those assets,” the Financial Times reports. Kingate Global told investors that they would not check the... More »

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private equity • investors • defrauding investors • hedge funds • Bernard Madoff • Fairfield Greenwich Group

Conn. Firm Collected $500M From Madoff's Marks

Fairfield Greenwich didn't deliver promised oversight to clients

Dec 22, 08 12:32 PM CST
(Newser) - With its clients having lost $7.3 billion in Bernard Madoff’s Ponzi scheme, a Connecticut hedge-fund advising firm wants the public’s sympathy—but in fact, the Fairfield Greenwich Group took almost $500 million in fees alone from the money Madoff shepherded. And, the New York Times reports, it’... More »

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fraud • Connecticut • hedge fund • investment • Ponzi scheme • hedge funds • Bernard Madoff • Fairfield Greenwich Group

Connecticut Firm Helped Madoff Go Global

Fairfield Greenwich says it didn't know about improper dealings, had $7.5B invested

Dec 19, 08 1:24 PM CST
(Newser) - As Bernard Madoff’s financial network comes under scrutiny, one investment fund is emerging as an especially close partner, the Wall Street Journal reports. Fairfield Greenwich had $7.5 billion invested with Madoff, more than half the group’s total assets as of Nov. 1. There’s no evidence Fairfield... More »

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fraud • SEC • Ponzi scheme • Bernard Madoff • Fairfield Greenwich Group

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