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Kohn's Austrian Bank Tied To Madoff
Mrs. Sonja Kohn has dropped out of sight, leaving the Bank Medici
in the hands of Austrian regulators, who took it over last week. She
had invested $2.1 billion of the Bank's money with Mr. Bernard Madoff.
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Who Is Sonja Kohn?
Sonja Kohn is a Jewish Austrian who married Erwin Kohn. They
started as pawnshop operators specializing in watches. Soon they
moved to Switzerland establishing a 'Trading business'. In 1985,
they moved to Monsey, New York, an ultra-orthodox Jewish financial
community where they met Bernard Madoff. In 1995, she returned to
Vienna, no longer a pawnshop peddler, but now a Wall Street
wizard.
By 2003, Medici gained a banking license and built further on the
apparently contradictory mix of pushiness and conservatism that
had served Mrs. Kohn so well.
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Her Royal Baroness
She invented a Coat of Arms, and liked to be addressed as
'Baroness'.
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The Bank Of Medici
It seems her 'Royal Highness' bought a historic name.
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She 'Claims' Her Victims Were Jewish
A Viennese banker who knew Mrs. Kohn said “With Jewish
Russian oligarchs as clients, she might have reason to be afraid.”
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The Real Victims
The real victims are everyday Austrians, be it retirees, or a young
couple saving for a home and family.
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Austria's Retirees
These are the people who the Bank Of Medici conned.
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