While the civil and criminal lawsuits alleging fraud and negligence are starting to trickle in for the Fairfield Greenwich Group (FGG), the legal jury is still out as to how culpable they are in regards to the $7.5 billion dollars the group lost with Bernard Maddoff.  But for FGG co-founder Walter Noel and his jet setting socialite clan of daughters (Marisa Noel Brown, etc.) and son-in-law salesmen (Andres Piedrahita, Philip Toub, etc.), the “social” jury is in, and it is a resounding guilty as charged. In April, many “friends” anonymously took snipes at them in the Vanity Fair article Greenwich Mean Time.  Now the Round Hill Club of Greenwich, CT has asked them not to return (aka revoked their membership).  A tipster notes:

The Round Hill Club recently revoked the Noel family membership.  After all of the heat they have drawn and the publicity nightmare, it looks like they [the club members] have had enough…

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[Miami-Dade County Criminal Court Record for Samuel Piedrahita.  Click to enlarge]

Back in February, we did a post on Fairfield Greenwich Group jet-set salesman Andres Piedrahita’s previous investment track record, which was anything but stellar.  Piedrahita is a son-in-law of FGG’s co-founder Walter Noel (and brother-in-law of socialite Marisa Noel Brown), and despite failures in the past was able to fail upward to “success” at FGG selling Bernard Madoff products to investors around the world.

Today we received a comment tip on Piedrahita’s father Samuel’s past criminal record in Miami.

Andres piedrahita’s father Samuel–fled the american justice system.He killed a man in miami driving under the influence of alcohol and fled to colombia.  You can bet that like father like son

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[The very good looking Piedrahíta Family Christmas Card]

Apparently Bernard Madoff’s Ponzi scheme wasn’t the first time social businessman Andrés Piedrahíta, son-in-law to Walter Noel and Europe salesman for Fairfield Greenwich Group sent investors coin to money heaven.  Albeit the previous time wasn’t via a Ponzi,  his track record shows a bewildering pattern of failing upward.  Moreover, did Walter not even perform due diligence on his own employees (aka son-in-laws…aka conflict of interest)?  A tipster writes:

“I thought you would be interested in knowing that this is not the first time that his son-in-law Andres Piedrahita has lost investors’ money. In 1982/1983 he was working at a Wall Street firm called Balfour MacLaine which was a commodity futures trading company (it has now withdrawn from that business).

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