- For the Jobless, 10% is Harder Than Before
- Week Ahead: Stocks Search for Catalyst in Quiet Week
- Outlook: Dollar Likely to Ride Higher on Bleak Jobs Report
- Geithner: More Stimulus, Not a Bank Tax
- Windfall is Seen as Bank Bonuses are Paid in Stock
- Buffett's Berkshire Hathaway Says Net Income Tripled
- Cramer: Earnings, IPOs Dominate Next Week
- Buying Fear: How to Own Volatility
- Administration Rejects Plan to Buy Fannie Mae Credits
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Tommy Lee, Medical Tourism and Nasty Santa, Your Emails
- U.S. Markets Gain 3% for the Week Despite 10.2% Unemployment
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Stimulus II? Jobs Tax Credit=Cash For Clunkers
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Is Misery Alive And Well in Your Office?
- Consumers Haven't Changed, They Are Just Pickier
MOST SHARED
- US Becomes Top Country Brand Under Obama: Survey
- Solar Market Heating Back Up?
- Realty Execs See Pain Ahead
- Sweeping Health Care Overhaul Bill Passes House
- Easy Money & Stocks
- Want the Homebuyer's Tax Credit? Here Are Some Tips
- Administration Rejects Plan to Buy Fannie Mae Credits
- Israel: Leader of Business Innovation
Text Size 
A former Austrian fund manager is being investigated by prosecutors who believe she was paid more than $40 million to channel billions of dollars of investments to Bernard Madoff, the Wall Street Journal reported.
Prosecutors in the US, UK and Austria believe Sonja Kohn received kickbacks from Madoff while she was a chairwoman of Austrian Bank Medici through separate companies she controlled, the paper said, citing affidavits detailing the investigations and hundreds of documents collected by Austrian prosecutors.
Kohn, a 60-year old former Wall Street broker, hasn't been charged with anything. She repeatedly denied any wrongdoing.
"I am actually the greatest Madoff victim. It is a tragedy for my family, my company and for me personally," Kohn told the Wall Street Journal.
A spokeswoman for Bank Medici said neither Kohn nor the bank had received kickbacks.
Prosecutors allege that in exchange for the kickbacks, Kohn turned three Bank Medici funds into "feeder funds" that supplied Madoff with an estimated $3.5 billion from European investors, the paper reported.
US and UK prosecutors filed affidavits to request documents, bank records and witness statements from Austrian prosecutors to further their own investigations, it said.
Earlier this week, Madoff was sentenced to 150 years in jail for Wall Street's biggest investment fraud, of $65 billion.
On Thursday, marshals seized the luxury $7 million New York City penthouse apartment he used to share with his wife Ruth.
Print
Email
- Rumors abound that Oprah will leave her show to start a new network. What would this mean for daytime TV?
- A private equity specialist sponsored a stand-up comedy troupe in New York to prove that CEOs can, in fact, be funny.
- Cramer did the research and found eight stocks that lead the pack. Read on to get his top picks.
- Did Hideki Matsui’s performance make it more likely that the Yankees will pay to have him back?
- Which wines should you bring—or serve—with holiday meals this year? Ask a connoisseur.
- Two competitors in this year’s World Series of Poker in Las Vegas have stories fit for Hollywood.
Data is a real-time snapshot *Data is delayed at least 15 minutes