How did the Fairfield Greenwich fund “take Madoff global”?

Walter Noel who was one of the partners of the firm and his extended family were responsible for marketing the company. Most of his daughters were connected to powerful families from other countries because of marriage. This allowed the company to work on a global scale. In fact, they made arrangements through several countries because of their marketing strategy.

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nikitavidya0 nikitavidya0 · Answer 2 · 2022-02-23T08:07:43+01:00

Fairfield Greenwich fund “take Madoff global” through exclusive methods of fees payment.

What was the acquisition of Madoff global by the Fairfield Greenwich fund?

Greenwich company invested in Madoff exclusively as they did not have to pay any fees that provided them with 100 million income in the first year. However, Madoff was indulged in criminal scandals that lead to its crises.

Therefore, Greenwich terminated its merger with Madoff as shareholders withdraw their money from Greenwich company.

Learn more about mergers and acquisition here:

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