Walter Noel is a former hedge fund manager who gained notoriety for his involvement in the Bernard Madoff Ponzi scheme. He was the co-founder and managing partner of Fairfield Greenwich Group, which invested heavily in Madoff’s fraudulent scheme.
After the scandal broke in 2008, Noel and his family faced numerous lawsuits and legal challenges. They were accused of negligence and breach of fiduciary duty for failing to properly vet Madoff’s investment strategy. The Noel family eventually settled with the victims of the scheme for $277 million.
So, where is Walter Noel now? After the scandal, he and his wife Monica moved to Mustique, a private island in the Caribbean. They reportedly own a luxurious villa on the island and have been living there since 2009.
Noel has largely stayed out of the public eye since the scandal. He has not given any interviews or made any public statements about his involvement in the Madoff scheme. However, he did publish a memoir in 2012 titled “Merchants of Misery,” which detailed his experiences in the hedge fund industry and his perspective on the Madoff scandal.
Despite the settlement with the victims, Noel’s reputation has been irreparably damaged by his involvement in the Madoff scheme. He is no longer active in the hedge fund industry and has largely retired from public life.
In conclusion, Walter Noel is currently living on the private island of Mustique in the Caribbean. He has largely stayed out of the public eye since the Madoff scandal and has retired from the hedge fund industry.