Court appointed trustee overseeing the liquidation of Bernard Madoff’s hedge fund company, Irving Picard,  has amended a complaint in federal bankruptcy court in Manhattan today, adding 43 new defendants, including Greenwich resident Walter Noel, claiming that Noel and the other defendants enriched themselves from the fraud.

In the 217 page court document, lawyers for Picard said they are hoping to undo the several billion of dollars that Noel, and his company, Fairfield Greenwich Group funneled to Bernard L. Madoff Investment Securities LLC.

Picard and his legal team are also looking to recoup the hundreds of millions of dollars of personal income that Noel and Fairfield Greenwich Group co-founders, Jeffrey Tucker and Andres Piedrahita purportedly “earned”.

“Every dollar the defendants purportedly ‘earned’, and every dollar they kept to unjustly enrich themselves, was stolen money,” the new court document says.

The amendment says that “the defendants did not properly, independently, and reasonably perform due diligence into the many red flags strongly indicating Madoff was a fraud.  The defendants did exactly the opposite…they deepened the pain of Madoff’s customers and their own investors.”

The complaint says in a six-year-period, Noel, Tucker and Piedrahita “earned” a combined $390 million of partnership distributions.

A spokesperson for the now defunct Fairfield Greenwich Group said it is “incomprehensible” for the trustee to widen his lawsuit because FGC and the trustee were in “good faith” settlement talks.

The spokespersons went on to say “we reject absolutely the allegation that FGC or any of its executives or employees was aware of the fraud or in any way abetted it.”