Fairfield Greenwich Group, a New York hedge fund that lost $7.2 billion to Bernard Madoff, fired back at Massachusetts Secretary of State William F. Galvin yesterday, saying fraud allegations by Galvin were ‘‘so filled with errors and factual distortions as to completely misstate the conduct’’ of the firm. Galvin’s complaint against Fairfield alleged the firm did not question Madoff’s unusual trading reports or his failure to hire an outside firm to handle record keeping. <\/p>\n
The complaint also detailed a 2005 conversation in which Madoff allegedly coached Fairfield officials on how to respond to questions from the Securities and Exchange Commission. According to a transcript of a phone conversation between Madoff and two Fairfield executives, Madoff said, ‘‘Obviously, first of all, this conversation never took place.’’<\/p>\n