Fairfield Enterprises

Founded in 1983 by Walter Noel, Fairfield Greenwich Group was a hedge fund and investment management firm that catered to wealthy individuals and institutional clients. The firm grew to manage billions of dollars, with a significant portion of its assets invested in its Fairfield Sentry fund, which exclusively channeled money to Bernard L. Madoff Investment Securities LLC. Following the collapse of Madoff's scheme in December 2008, it was revealed that the firm had lost approximately $7.5 billion of its clients' money, leading to its own demise, extensive litigation, and liquidation.