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Walter and Monica Noel of FGG Madoff trustee Irving Picard continues to sue beneficiaries of Madoff’s fraud for ill-gotten gains, and he’s now trained his guns on the biggest beneficiary of all: Fairfield Greenwich Group. He wants $3.2 billion back–or all the money FGG took off the table on behalf of clients from 2002 [...] The court order from a Connecticut judge includes Fairfield Greenwich Group, a big hedge fund who said they did due diligence on Madoff but apparently did little but pass money on to him, collecting steep fees for doing so. This is big. When they say frozen, they mean frozen. No withdrawals, no credit cards, no [...] |  | ||||
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