Madoff Feeder Fund Accused of Fraud

A fund that fed over $7 billion into Bernard Madoff's Ponzi scheme has been charged with knowingly misrepresenting to its investors what it knew about Madoff's operation and with asserting it performed a level of due diligence that it did not actually perform, according to a civil complaint by the Massachusetts Secretary of State. The Fairfield Greenwich Group, headed by society page bold faced name, Walter Noel, asserted it had $14 billion under management prior to the December arrest of...Full Story