How is Corina Noel involved in the Bernard Madoff scandal?"?

THE biggest losers in the Madoff investment scandal include two sisters living in London with strong links to the Wall Street fraudster. The women, both in their forties, are two of five daughters of Walter Noel, who is understood to have lost $7.5 billion - earning him the unenvied title of being the biggest victim of the world's biggest fraud. Mr Noel, who runs the US-based investment fund Fairfield Greenwich, was a close friend and associate of Bernard Madoff, the 70-year-old accused of orchestrating the $50 billion swindle.

Mr Noel's largest fund alone invested $7.3billion exclusively in Bernard Madoff Investment Securities. Almost all that money is thought to have now gone. Two of Mr Noel's daughters have made their homes in London.

One of the daughters, Corina, aged 45, is married to Andres Piedrahita, who runs Fairfield's London office. It is likely Mr Piedrahita attracted investors to Fairfield which then put the money into the Madoff fund, essentially a pyramid-selling scam ... more.

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