Ezra Merkin, the Fairfield Greenwich Group
, and Sonja Kohn; accounts of former employees Enrica Cotellessa-Pitz, David L.
Ludwig was previously senior vice president and director of communications for Fairfield Greenwich Group
, an alternative asset management Firm, and VP, editor-in-chief in the Marketing and Product Development departments of DLJdirect, the online brokerage service of Donaldson, Lufkin & Jenrette, later acquired by Credit Suisse First Boston.
A federal judge said late last week that he will approve an $80.25 million class action settlement that will benefit those that invested in Fairfield Greenwich Group
In fact, a client of Madoff's biggest investor, the Fairfield Greenwich Group
, did ask about Friehling & Horowitz, and its controller did enough checking to determine that Madoff's accounting firm appeared to be a one-man show.
The trustee liquidating Bernard Madoff's business told a judge he is in settlement talks with three Fairfield Greenwich Group
hedge funds accused of taking US$3.54 billion in fake profit from the conman's fraud, reports Bloomberg (July 22, 2009).
Brian McNiff, a spokesman for Massachusetts Secretary of State William Galvin, said his agency was not accepting New York-based Fairfield Greenwich Group
's offer to fully refund nearly a dozen investors because officials were trying to identify all affected investors.
NEW YORK: Hedge funds run by Fairfield Greenwich Group
and Kingate Management, which fed an estimated $3.8 billion combined into Bernard Madoff s epic swindle, are in settlement talks with the trustee winding down his former firm, court documents said on Wednesday.
Fairfield Greenwich Group
, has been sued by the trustee for Bernardo Madoff's now inactive money management firm, seeking $3.54 billion.
The news comes as the authorities in the US state of Massachusetts filed civil fraud charges against a "feeder fund" known as Fairfield Greenwich Group
which was linked to Madoff.
Spain's anticorruption prosecutor would examine the relationship between Santander, Fairfield Greenwich Group
, and the Madoff funds.
The ROI: The Fairfield Greenwich Group
invested, and lost, US$7.S billion in Madoff's fund.