Tuesday, 30 June 2009

A long time...

Even Bernie Madoff was sentenced to 150 years in jail (and than some), it doesn’t mean his case is closed. So much money was in play that a lot of second rang players had their fair share in this scheme.
What about the fact that UK investiogators knocked at the door of Sonja Kohl , president of Bank Medici, an Austrian outlet. The allegation is that this small bank charged millions of pounds to an outpost of the Madoff empire for worthless research.
Why did I miss this opportunity?

Detail: Bank Medici, which invested most of its $3.2bn in the Madoff empire and ran investor “feeder” funds in Luxembourg and Ireland, is one of the most spectacular casualties of the disgraced tycoon’s scheme. It is now under the control of the Austrian authorities and is to wind down most of its operations.
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