{"id":9830,"date":"2009-02-09T00:00:00","date_gmt":"2009-02-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-honchos-burned-in-scam-start-fire-sale","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/hedge-fund-honchos-burned-in-scam-start-fire-sale.html","title":{"rendered":"Hedge Fund Honchos Burned in Scam Start Fire Sale"},"content":{"rendered":"<p>New York Post &#8211; The founders of a New York hedge fund at the center of the Bernard Madoff scandal have begun selling assets as their firm faces massive losses and a slew of lawsuits, sources told The Post. <\/p>\n<p>Walter Noel and Jeffrey Tucker, co-founders of Fairfield Greenwich Group, a New York hedge fund that lost a whopping $7.5 billion to Madoff&#8217;s alleged Ponzi scheme, have been forced to curb their lavish lifestyles amid mounting doubts that the firm can survive the firestorm. <\/p>\n<p>The pair recently dumped a shared interest in a Cessna 560XL private jet, according to a person close to the firm. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/02092009\/business\/madoff_sell_off_154171.htm\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; The founders of a New York hedge fund at the center of the Bernard Madoff scandal have begun selling assets as their firm faces massive losses and a slew of lawsuits, sources told The Post. Walter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4439,4331,7184,6130,4402,3303,3320,4163,7182,3296,2390,7046,7183,4590,7185,7181],"class_list":["post-9830","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets","tag-bernard-madoff","tag-cessna","tag-doubts","tag-fairfield-greenwich-group","tag-firestorm","tag-founders","tag-jeffrey-tucker","tag-lavish-lifestyles","tag-lawsuits","tag-massive-losses","tag-new-york-post","tag-private-jet","tag-scandal","tag-slew","tag-walter-noel"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9830"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9830\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}