Noel and Tucker of Fairfield Greenwich Group Invest $1.5 million with Madoff to Begin 20-Year Relationship
Madoff is introduced to Jeffrey Tucker and Walter Noel, partners in Fairfield Greenwich Group, an investment firm located in Greenwich, Conn.
In July 1989, Noel and Tucker give Madoff $1.5 million to manage and follow up the in January 1990 with an additional $1 million. In November 1990, Fairfield Greenwich starts the Fairfield Sentry Limited Fund, its $4 million entirely managed by Madoff. "Once they created Fairfield Sentry to invest exclusively with Madoff, that is when things really started to accelerate," recalls Sherry Cohen, Walter Noel's former assistant.
His strengths are that he was very, very presentable. He's tall, very distinguished-looking. And he had a nice voice for the most part. And he looked like a real Southern gentleman. Not too much of a drawl. In fact, virtually no drawl at that point.
I'm not sure how to describe it -- as a strength or a weakness. Most men take a back seat to their wives. It's the woman who sets the tone in the home. And Monica had social ambitions. And she grew up pretty much in luxury -- not major, major luxury, but without a real middle class. You were either pretty rich or you were pretty poor in Brazil.