Fairfield Sentry
E676598
Fairfield Sentry was a major offshore investment fund that acted as one of the largest feeder funds channeling client money into Bernard Madoff’s fraudulent Ponzi scheme.
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
feeder fund
ⓘ
investment fund ⓘ offshore fund ⓘ |
| associatedWith | Fairfield Greenwich (Bermuda) Ltd. NERFINISHED ⓘ |
| ceasedNormalOperationsAfter | December 2008 Madoff arrest ⓘ |
| channeledClientMoneyTo | Bernard Madoff’s Ponzi scheme ⓘ |
| collapsedFollowing | exposure of Madoff Ponzi scheme in December 2008 ⓘ |
| connectedTo |
Fairfield Lambda
NERFINISHED
ⓘ
Fairfield Sigma NERFINISHED ⓘ |
| currencyDenomination | primarily U.S. dollars ⓘ |
| custodianAndBroker | Bernard L. Madoff Investment Securities LLC NERFINISHED ⓘ |
| domicile | British Virgin Islands NERFINISHED ⓘ |
| investedSubstantiallyAllAssetsWith | Bernard L. Madoff Investment Securities LLC NERFINISHED ⓘ |
| investmentAdvisor | Fairfield Greenwich (Bermuda) Ltd. NERFINISHED ⓘ |
| investorBase | international investors ⓘ |
| investorClaimsInclude | misrepresentation of risk and exposure to Madoff ⓘ |
| involvedIn | Madoff investment scandal NERFINISHED ⓘ |
| jurisdiction | British Virgin Islands NERFINISHED ⓘ |
| legalProceedingsVenue |
British Virgin Islands courts
NERFINISHED
ⓘ
New York courts NERFINISHED ⓘ |
| linkedTo | Fairfield Greenwich Group’s Madoff-related settlements ⓘ |
| managedBy | Fairfield Greenwich Group NERFINISHED ⓘ |
| marketedTo |
high-net-worth individuals
ⓘ
institutional investors ⓘ |
| notedAs | one of the largest Madoff feeder funds globally ⓘ |
| operatedAs | feeder fund to Bernard L. Madoff Investment Securities ⓘ |
| partOf | network of Madoff feeder funds ⓘ |
| promised | steady, low-volatility returns ⓘ |
| regulatoryIssues | allegations of inadequate due diligence on Madoff ⓘ |
| reported | consistently positive returns prior to 2008 ⓘ |
| roleInPonziScheme | aggregated and funneled third-party capital to Madoff accounts ⓘ |
| sponsoredBy | Fairfield Greenwich Group NERFINISHED ⓘ |
| strategyDescribedAs | split-strike conversion ⓘ |
| subjectOf |
U.S. bankruptcy-related litigation
ⓘ
liquidation proceedings in the British Virgin Islands ⓘ numerous investor lawsuits ⓘ |
| suffered | massive investor losses after Madoff’s arrest ⓘ |
| timePeriodActive | before December 2008 ⓘ |
| triggered | claims against Fairfield Greenwich Group by investors ⓘ |
| underlyingManager | Bernard L. Madoff NERFINISHED ⓘ |
| underlyingManagerFirm | Bernard L. Madoff Investment Securities LLC NERFINISHED ⓘ |
| wasKeyVehicleIn | global distribution of Madoff-related products ⓘ |
| wasOneOfLargestFeederFundsTo | Bernard Madoff NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.