An Austrian MP has filed a series of Parliamentary questions to make public allegations that senior banking officials and others in the Alpine Republic had actively worked with Bernie Madoff to create his global Pyramid scheme. The Parliamentary questions from Freedom Party MP Hans-Joerg Jenewein were filed to make public the claims in a new […]
Tag: fund
Austria’s parliament has approved the eurozone’s permanent rescue fund, clearing the way for the country’s broader participation in the 17-nation zone’s financial crisis management. The governing left-center coalition was supported by the opposition Green party to surpass the two-thirds of votes needed for approval Wednesday. Opposed were the rightist Freedom Party and the populist BZO, […]
Lower Austria has invested 40 million Euros in disgraced American Bernard Madoffs Alpha Prime fund, says a report in todays (Thurs) Der Standard newspaper.Der Standard said that Fibeg, the provincial investment office, had invested the money with Madoff on 30 June 2008.Madoff, who had been running a giant Ponzi scheme for years, went belly up […]