PPP KINGDOM

PPP KINGDOM

MADOFF TRUSTEE SEEKS $19.6 BILLION FROM AUSTRIAN BANKER

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The central defendant in the complaint is Sonja Kohn, who was the hub of a complex network of European and Caribbean funds that channeled money to Mr. Madoff. A well-connected banker in her native Vienna, Ms. Kohn insisted she never suspected her trusted friend was running a global Ponzi scheme.

In reality, according to the complaint, she knowingly raised billions of dollars in cash to sustain Mr. Madoff’s fraud in exchange for at least $62 million in secret kickbacks — payments she insisted be handed over face to face and never put in the mail. The lawsuit says that her collusion was so pivotal to the fraud that Mr. Madoff tried to destroy evidence of their connection before his arrest in 2008.

Sonja Kohn

Sonja Kohn, the 62-year-old founder of Austrian-based Bank Medici AG which gave up its bank license in 2010.

http://dealbook.nytimes.com/2010/12/10/madoff-trustee-seeks-19-6-billion-from-austrian-banker/

Best Regards,

FINANCIAL WARRIOR

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