Tag Fairfield Greenwich

One of Madoff’s feeder funds was Fairfield Greenwich who say they did enormous due diligence. The State of Massachusetts says otherwise in their lawsuit against them citing, among other things, a 2005 phone call between Madoff and Fairfield execs about…

Fairfield Greenwich, the mammoth hedge fund that lost $7.5 billion on Madoff “investments”, was told pointblank by a potential buyer in 2004 of concerns about placing money with Madoff. Yet they kept doing it. Thus, they were told, and ignored…