Fairfield Greenwich Group's website states that more than half of its investments are tied up in vehicles connected to Bernard L. Madoff Investment

number of private investors, banks and investment firms were shocked to recently discover they had fallen victim to a fraudulent investment scheme after Madoff - a Wall Street broker and the former chairman of Nasdaq - was accused of running a multibillion-dollar scam.A note on Fairfield Greenwich Group's website states that more than half of its investments are tied up in vehicles connected to Bernard L. Madoff Investment Securities (BLM).Farfield said, as of Nov. 1, its assets under management totalled approximately $14.1 billion, of which approximately $7.5 billion was invested in vehicles connected to BLM.The New York Times said that Fairfield was one of BLM’s largest investors and ADIA in turn was one of Fairfield’s largest investors."Even after the investment authority took two significant redemptions from the fund, in April 2005 and 2006, its stake the following year of $132 million made up 2 percent of the fund’s assets under management," the newspaper said.