The Noel Family Photographed by Bruce Weber in 2002 for Vanity Fair’s “Golden in Greenwich” article.  Photo via NYMag

When the news broke that Walter Noel of Greenwich was Bernard Madoff’s top salesman, losing some 7.5 Billion dollars of investors money in the now infamous ponzi scheme while his firm earned some $500 million in fees, society writers all over the world began frothing at the mouth.  The story simply has Vanity Fair written all over it. And this is of course no coincidence.  Mother goose Monica Noel has been manufacturing PR for the family for the last 2 decades.  Since starting out with glorious Christmas cards and lesser known glossies, their self-styled Yupi porn reached the pages of Vanity Fair in 2002.

And now a tipster writes that the same hand that feeds is looking, well to be fed.

Graydon Carter is literally licking his chops as if he were about to eat a plate of $65 macaroni and cheese with truffles at the Wavery Inn.  Vanity Fair has effectively given the Noel family an ultimatum.  “Work with us, and you will at least have control over your side of the story.  Don’t and what will be written will be whatever is available in the public domain…:

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Generally speaking, one of the biggest issues for people hit with the recession is recalibrating their spending habits and tightening their belts so-to-speak.  Sure most people’s holdings and 401k’s have plunged, but that’s easy to ignore, just don’t look at it.  But what we are undoubtedly forced to confront is that Prada bag we want and can’t get, or that new flat screen tv, or in some more “social” cases that gala event we want to attend.  Yes, resetting one’s social calendar is in many times necessary, in some just prudent.

Enter Walter Noel, who recently came under fire when his company Fairfield Greenwich Group lost $7.5 billion of his investors money in their faux fund that invested exclusively with Bernard Madoff. It’s unclear yet where Noel stands with respect to repercussions both legally and financially, but socially he seems to be bouncing back at least for the moment.  A tipster writes: More»