Which authority is recorded against Bank Medici AG?

The entry is recorded against FMA · England & Wales High Court, in the Austria jurisdiction, under the theme Feeder funds · investor losses.

What is the current status of this entry?

Status: Civil claim dismissed — licence withdrawn. Last recorded change: 2 August 2013. The matter arose or was first recorded on 11 December 2008.

How was this matter brought to light?

Collapse of a third-party investment firm. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for AT-2009-03 be checked?

The entry links to Background record — Bank Medici.

AT-2009-03 · Austria · 2009

Bank Medici: Madoff feeder-fund exposure and the London civil trial

The Vienna bank channelled investor money to Bernard Madoff's firm. Its banking licence was withdrawn in 2009, and a civil claim against its founder was dismissed in London in 2013.

Vienna bank facade, illustrating the Bank Medici feeder-fund matter — Illustrative image · Bank Medici AG

Institution: Bank Medici AG
Authority: FMA · England & Wales High Court
Status: Civil claim dismissed — licence withdrawn
Theme: Feeder funds · investor losses
Raised by: Collapse of a third-party investment firm
Jurisdiction: Austria
Matter arose: 11 December 2008
Last recorded: 2 August 2013

What the sources record

Austrian regulators appointed a supervisor to the bank shortly after the Madoff fraud became public.

The Madoff trustee brought civil proceedings in several jurisdictions to recover feeder-fund flows.

The English High Court dismissed the claim against the bank's founder, finding the allegations not proven.

Timeline

2008-12-11
Madoff fraud becomes public; exposure identified.
2009-05-01
Austrian banking licence surrendered.
2013-08-02
London civil claim dismissed.

Individuals named in this case

Austria

Court record

Sonja Kohn

Founder, Bank Medici AG

Base · Vienna

Defendant in civil proceedings brought by the Madoff trustee in relation to feeder-fund flows; the English High Court dismissed the claim against her in 2013

Civil claims concerning funds routed to Bernard Madoff's firm were dismissed at trial in London, the court finding the allegations against her not made out. Austrian supervisors separately withdrew the bank's licence.

Portrait tile — no licensed photograph held

Record →Case record →Source →

All individuals in the register →

Primary sources

Background record — Bank Medici

Questions and answers on this entry

What does register entry AT-2009-03 record?: Bank Medici: Madoff feeder-fund exposure and the London civil trial. The Vienna bank channelled investor money to Bernard Madoff's firm. Its banking licence was withdrawn in 2009, and a civil claim against its founder was dismissed in London in 2013.
Which authority is recorded against Bank Medici AG?: The entry is recorded against FMA · England & Wales High Court, in the Austria jurisdiction, under the theme Feeder funds · investor losses.
What is the current status of this entry?: Status: Civil claim dismissed — licence withdrawn. Last recorded change: 2 August 2013. The matter arose or was first recorded on 11 December 2008.
How was this matter brought to light?: Collapse of a third-party investment firm. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for AT-2009-03 be checked?: The entry links to Background record — Bank Medici.

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