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My Partners at Fairfield Greenwich

a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_O9R7cVoh2qY/SU-xo8DYqZI/AAAAAAAAACw/f_c9nIcf8Go/s1600-h/walternoel+and+wife+mustique.jpg"img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 203px; height: 150px;" src="http://1.bp.blogspot.com/_O9R7cVoh2qY/SU-xo8DYqZI/AAAAAAAAACw/f_c9nIcf8Go/s320/walternoel+and+wife+mustique.jpg" alt="" id="BLOGGER_PHOTO_ID_5282636204802091410" border="0" //abr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_O9R7cVoh2qY/SU-xcm5s0vI/AAAAAAAAACo/BfM7IkXvWz4/s1600-h/FairfieldGreenwichMurphyHouse.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 183px; height: 282px;" src="http://4.bp.blogspot.com/_O9R7cVoh2qY/SU-xcm5s0vI/AAAAAAAAACo/BfM7IkXvWz4/s320/FairfieldGreenwichMurphyHouse.jpg" alt="" id="BLOGGER_PHOTO_ID_5282635992965894898" border="0" //abr /You media people are making a mountain out of mole hill by questioning the integrity of Fairfield Greenwich, and partners Charles Tucker (a long-time options industry expert), Charles Murphy (yes, he's the one that paid $33 million for that a href="http://maps.google.com/maps?ndsp=20amp;um=1amp;hl=enamp;q=7+East+67th+Street++new+yorkamp;ie=UTF-8amp;sa=Xamp;oi=geocode_resultamp;resnum=1amp;ct=title"townhouse on 67th/a ) and of course, my very dear friend Walter Noel, and his son-in-laws. (Walter and his lovely bride are on the right; Charlie Murphy's townhouse is on the left)br /br /Let's get the record straight again. Walter might have earned $400-$500 million in management fees for putting investors into my firm, but I didn't pay him span style="font-style: italic;"nearly/span that much in introducer commissions. And yes, Walter and son-in-laws had accounts with me too. Walter, how much did you put in (not including what it grew to)? $2 million? $3 million? Gee, I'm sorry I don't remember exactly.br /br /But Walter, for God's sake, that house of yours on a href="http://maps.google.com/maps?hl=enamp;q=175+round+hill+road+greenwich+ctamp;um=1amp;ie=UTF-8amp;sa=Xamp;oi=geocode_resultamp;resnum=1amp;ct=title"Round Hill Road in Greenwich/a is worth at least $15 million, and the house in Mustique has got to be worth $5 mil. And if we paid you a hundred mill, and you earned another $400 mil the hard way, you're losing a few million personally is just the cost of doing business, right?br /br /And lets get another thing straight. Charlie Tucker knew more about option trading and split-strike conversions than most people. Just ask him how much he had with my firm!!

Full post as published by Bernard Madoff on December 22, 2008 (boomark / email).