Vanity Fair and the Noels

Haven’t read it yet but Vanity Fair is out with its article on Walter and his Fabulous Five.  Should be fun reading for a snowy day.

UPDATE: Just finished it. Surprisingly sympathetic, all things considered. The reporter must not have invested with FGG.


Filed under Uncategorized

30 responses to “Vanity Fair and the Noels

  1. Walt

    Hey Chris. I made the Huffington Post. I am big time baby. Start sucking up. And a great pic of the filly’s to boot.
    Your famous friend,

  2. PrimeTimeMom

    I expected more from VF. There was about as much due diligence in this article as there was at FFG. The author phoned it in IMO.

  3. Walt

    Here is the story, and we are sticking to it. Off to tennis!!

    Your pal,

  4. Inagua


    Now that you know that every dollar Madoff paid you for at least the last 13 years was stolen from someone else when are you going to return that stolen money?

  5. Hiram

    Hey Walt, on what basis do you continue form the plural of filly (which is fillies) with an apostrophe?

    • christopherfountain

      Watch out, Walt. Hiram is a taskmaster and is always right. And he’s always watching! : )

  6. Walt

    Inagua –
    Dude. What don’t you get? We were victims too. Read the Vanity Fair article. We relied on our auditor’s, the SEC, our due diligence, blah blah blah. So quit the give back nonsense. Not gonna happen. We raised money and gave it to Bernie. He screwed up, not us. See you at Round Hill in the spring.
    Off to lunch – Lobster Salad!!!
    Your hungry buddy,

  7. Walt

    Hiram can kiss my (_l_). Off to tennis!!

  8. pulled up in OG

    Walt’s forgetfulness must be a bigger secret than the Ponzi. Maybe a defense of last resort?

    “The only time she [Monica] ever slows down, some have noticed, is when she speaks to her husband. She is always solicitous of him and keeps her tone bright and cheerful.”

  9. Walt

    Pulled up-
    Leave Monica out of this. Of course she is solicitous to me and keeps her tone cheerful. You think she wants a smack?
    Almost Happy Hour!!,

  10. Wally

    I think that Monica cooperated with the author. There are hints throughout, notably when he says that Walt and the girls have a publicist but Monica is anxious to get their story out more directly. Also, lots of quotes from her friends (which she would have had to arrange) and personal observations of Monica.

  11. greenmtnpunter

    Didn’t the Mafioso Vincent The Chin (was that his monniker?) beat the rap with the Alzheimers routine? Wandered the streets in a ratty bathrobe muttering to himself all the time- he oughta get an Oscar. Can Walt pull this one off, too? Live out his golden years in Switzerland near his stash?

    Was Walt one of three unamed litigants who filed a lawsuit against UBS vis-a-vis keeping the secret names secret? Soros? Bernie? Lots of candidates, I suppose, as there were said to be 250 names which means in reality there are probably thousands. C’mon cough it up, Obamanation needs you!

  12. Hiram

    Walt’s not only a crook, but an illiterate too.

  13. Greenwich Gal

    The story is that Vanity Fair contacted Monica and told her they had to do a follow up to their fawning Mustique piece from several years back and that it would be better for the family if they cooperated. Otherwise, they would have to take the information and stories that are floating around and dig into other possibly unfriendly sources.

  14. Towny

    Dont worry…Walt, Bernie, and a slew of others will buy presidential pardons.

  15. Walt

    How am I illiterate?

  16. Blind Brook

    Chris: Even though you are an entitled rude, fairly ignorant ass, after your last comments to me, the VF article is a lesson in PR: cooperate with the author and you will get a certain amount of sympathy. “So we are rude, exotic, shrimp money seeking, parental borrowing normies, we are human too.” Pathetic. The best is yet to come. Wally is going to the hoosegow and Monica comes out a victim. She is one clever woman. And no, they did not get in to the B and T. Russ Reynolds as a defendant? Oh puh-leeze. Lemann the rich cousins? If they knew she was Jewish would they have let her in Round Hill? Hardly.

  17. pulled up in OG

    Apparently, Bernie’s trying to convince a judge that Mrs. Ponzi should keep the (her?) apartment and $62 million.

    Hard to see how any of that could not be Bernie’s ill-gotten.

  18. pulled up in OG

    “In court papers filed Monday in U.S. District Court in Manhattan, Madoff and his lawyer claim the apartment [$7 million], $45 million in municipal bonds and $17 million more in a separate account all belong to Madoff’s wife, Ruth.
    The bonds in an account held by Ruth Madoff at COHMAD Securities Corp. and about $17 million held by her in a Wachovia Bank account “are unrelated to the alleged Madoff fraud and only Ruth Madoff has a beneficial interest in these assets,” Bernard Madoff and lawyer Ira Sorkin said, according to the papers.”

  19. cynic1

    chris … Theres a rather easy going piece on the Noels today in the social diary section of the New York Social Diary. Rather kind to them, sort of. You may want to pick it up.

  20. waltssoninlaw

    this story is filled with wonderful deception. bernie was using walt bz he was a nice friendly buffoon who people trusted. the noel’s were pretending to be multi generational aristocracy, the son in laws were pretending to be business “playas” but they weren’t exactly HBS/Goldman Sachs types, they were actually all the buffoonish sons of wealthy families until Walt gave them each $5 million a year salary to help him sell his magic beans. the mother was pretending to have “south american sophistication” (i think down there it means growing up with flushing toilets and women shaving their armpits). bernie profited from walt’s buffoonery, the daughters advanced from upper middle class by joining more aristocratic families (at a slight cost of marrying guys better suited to bar tending), monica got a moneyed husband even though her parents told her walt would never make it bz he’s kindly buffoon. it was such a wonderful web of deception and all funded through spending peoples pensions and lifetime savings. if marisa and matt needed a new townhouse in new york, they simply cashed in a bit of someone’s savings and went and bought it – and spent someone elses savings on the necessary redecorating.

    the only one who is left somewhat unscathed is the plain looking sister ariane who married some private equity clown. maybe it’s bz she tried to compete with her sarah connor armed sisters?

  21. Debra

    All of you self described “elite” need to get a real life. Birds of a feather flock together and all of vultures have lied and stolen any money you do have.
    Sheesh you think the rest of the world cares! I personally am laughing my butt off.

    • christopherfountain

      Well, Debra, judging from your pictures on FaceBook, you can afford to laugh for a good long time. Enjoy yourself!

  22. Debra

    To Christopherfountain:

    I’m not on Facebook 🙂

    • christopherfountain

      Of course you aren’t Debra (and besides, all postings here are anonymous so I’d have no way of knowing who you are). I just thought you were being a bit mean spirited towards an awful lot of us who live here on middle class salaries, have middle class problems, attend church, do charitable deeds, etc. so just to be uncharitable I shot off a snooty reply. Thus proving your point, I suppose.
      Best regards,

  23. Greenwich Gal

    Who are you talking to, Debra?

  24. pulled up in OG

    Same courtroom? Same judge? . . . I dunno. But that Bernie’s lookin’ more and more like a stand-up kinda guy.

    (AP) “Bernard Madoff is giving up rights to his business, along with the company’s artwork and entertainment tickets.
    The agreement is in a New York court document filed late Monday.
    The trustee for the liquidation of Bernard L. Madoff Investment Securities LLC asked a federal judge to let him take over the assets to benefit its customers.
    The trustee told a judge that Madoff will voluntarily give up all ownership rights to his business. He’ll also give up rights to three pieces of business real estate.”

    Oops! Forgot about the $62 million. And the other $49 billion. But hey, we got box seats at the Opry.

  25. The Truffle

    I remember reading the gushing piece about the Noel sisters in 2002 and wondering, “What’s so remarkable about these ladies, anyhow?”

    Any truth to the rumor that the Noels hired a PR flack to plant stories about the Noel girls?

    • christopherfountain

      It’s absolutely true, Truffle, but I suspect they don’t need to pay anyone to draw attention these days.