U.S. District Judge Louis L. Stanton signed an order last night requiring Bernie-boy Madoff to provide a list of his assets and liabilities by the end of the year, which will be helpful in assessing who does and does not deserve sympathy cards with regard to rectal prolapse. And speaking of the now destitute individuals of Adolf's world? Some are taking it better than others! Although his Fairfield Greenwich Group had its ass torn out of the revelation that Madoff's biz was a Ponz, Walter Noel is apparently still living it up, in velvet dinner jackets, no less. So that's nice. Unfortunately, then we have killjoy Ezra Merkin, liquidating his Gabriel Capital LP:
Suspending withdrawals and selling remaining assets is the fund's "only realistic option" after losing 39 percent this year through Nov. 30, Merkin said in a Dec. 18 letter to clients. The process will take several years to complete because the assets are illiquid, Merkin wrote.Merkin's New York-based Gabriel Capital and Ascot Partners LP were sued this week for investing with Madoff. The investors in a class-action suit say Merkin misled them by them by claiming he put their money in a "diverse portfolio of securities." Ascot lost virtually all of its $1.8 billion of assets, according to a separate lawsuit.
"You and I, in common with so many people we know, have lost unimaginable amounts as a result of this massive fraud," Merkin wrote in the letter, a copy of which was obtained by
Bloomberg News. "We are all suffering deep wounds, emotional as well as financial, and they are exceedingly painful."
Posted by guest , Dec 19, 2008 4:35PM
Noel is a no talent fuck. It has been obvious that Fairfield did nothing. If you have ever met their team, they are all equally useless.
Throw the no talent fuck in jail.
Posted by guest , Dec 19, 2008 4:44PM
@1
best first comment ever.
Posted by guest , Dec 19, 2008 4:46PM
daughters are pimpable...
http://guestofaguest.com/directory/marisa-noel-brown/6135/
funny all 5 of his daughters passed on marrying white-bread wasp wimps, and instead went with an array of euro playboys....from italy to spain, to axis of evil...
Posted by guest , Dec 19, 2008 4:47PM
Noel has to keep up a front. He knew Makeoff was a crook. But that is only my opinion.
Posted by guest , Dec 19, 2008 4:50PM
The Noel sisters went to prestigious colleges in the United States — Harvard, Yale, Brown, and two at Georgetown — but their spouses are largely from abroad, which helped the company extend its global reach.
Mr. Piedrahita, who is married to Corina Noel, grew up in Bogotá, Colombia, went to Boston University, and made a career in the marketing of hedge fund products before becoming a partner in the firm in 1997. Lisina Noel’s husband, Yanko Della Schiava, worked for two textile firms in Italy and “markets F.G.G.’s offshore funds throughout Southern Europe from his base in F.G.G.’s Lugano representative office,” according to the company’s Web site. Alix Noel’s husband, Philip Jamchid Toub, is from Lausanne, Switzerland, and is also involved in marketing the firm’s offshore funds in New York. Marisa Noel’s husband, Matthew Brown, went to St. Mary’s College in San Francisco and also has a marketing position at the firm.
A fifth Noel daughter, Ariane, lives in London and is married to Marco Sodi, an Italian financier.
Posted by guest , Dec 19, 2008 5:04PM
@3 correction - "daughter"
Have you seen the others?
Posted by guest , Dec 19, 2008 5:11PM
@6, #1 here. No haven't seen the others. Do you have links to pics?
Posted by Bulging Bracket , Dec 19, 2008 6:41PM
@7 look in the db archives. "Horsey" is about the kindest thing most people say - unless you're like me and are rather inured to that look.
Posted by guest , Dec 19, 2008 7:07PM
Anyone who invests with someone named after fake pubic hair deserves what they get. Not to mention someone named Madeoff. Wait a minute, perhaps I am on to something. I think I will start a FoF and only invest with folks with good names, like "Swingwood", "Doubleday" and "Gaines" and such.
Nothing Jew-y though.
Posted by guest , Dec 20, 2008 8:41AM
@3 that chin is longish similar to dad's. Not diggin da chin.
Posted by guest , Dec 20, 2008 2:09PM
I've met walter noel a couple times...the guy is harmless and doesn't seem caniving enough to scam people
Posted by guest , Dec 21, 2008 12:36AM
who is charles murphy at the FOF?
from MS in London?
Posted by guest , Dec 21, 2008 1:15PM
one has to have sympathy for the individuals whose lives have been destroyed by Madoff but anyone who knows anything about the HF world knows that the feeder fund sponsors here are the lower-tier hot euro money firms: EIM, UBP, FFG and variety of swiss private banks
Posted by guest , Dec 21, 2008 5:16PM
Bank of America and Mr. Higgins missing $millions, It can happen to you, my fellow Americans
More info: http://www.maxhiggins.com/blog
Posted by guest , Dec 22, 2008 1:23AM
Lol, some good posts on Madoff are appearing in this one:
http://thecreativedestructionist.blogspot.com/