Wasn't Madoff based in Connecticut -- Greenwich or some such?
Madoff was in NYC but one of his feeder buddies was in Greenwich. Feeder funds were companies that looked for investors and set up their own fund and Madoff would “manage” the money. They were promoters or middlemen.
There may have been a few in Greenwich but the Fairfield Greenwich Group run by Walter Noel a native of Nashville (?!). At one point they claimed to have $16 billion under management whihc is huge. In 2008 it was $14 billion. The Noel had these society daughters who married guys around the world who were connected and helped raise money.
The NY Post would have pics of the daughters. The daughters went to the best universities. Well today you would not want to be in the Noel clan.
The big joke is between Bernie in NYC and Greenwich was New City, NY where Madoff’s one man CPA worked out of a strip shopping center and he was never there. No one in Greenwich ever thought of jumping in the Range Rover and driving a few miles to New City. No one wanted to know the truth.