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: Madoff
The controversial legal battle against Bank Austria on behalf of investors that lost out when they were persuaded to invest in the pyramid scheme operated by convicted fraudster Bernard Madoff has taken a twist when a specimen case was settled in advance of a High Court ruling. The case was carried out by one of […]
An Austrian businesswoman accused of being Bernard Madoff’s “criminal soul mate” has claimed she was a victim of the bankers illicit operations herself.Madoff was sentenced to a maximum 150 years in jail by a court in New York City in the United States for what is widely considered to be the largest so-called Ponzi scheme […]
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 […]