Tag Fairfield Greenwich Group

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 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…