Financial Times FT.com

UK fraud agency launches Medici inquiry

By Michael Peel in London and Eric Frey in Vienna

Published: June 29 2009 21:27 | Last updated: June 29 2009 21:27

UK investigators are probing the head of an Austrian bank that funnelled billions of dollars into Bernard Madoff’s “Ponzi” investment scheme, the Financial Times has learnt.

Sonja Kohn, president and majority shareholder of Bank Medici, is suspected of charging the London outpost of the Madoff empire millions of pounds for worthless research, said people familiar with the matter.

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