Sonja Kohn, Austria’s ‘Woman on Wall Street’ is now out of sight. She is tied to Ponzi scheme criminal Bernard Madoff. She was Madoff’s front-woman. She gathered billions for Madoff from wealthy investors in Russia and across Europe. I guess that’s why she’s missing. Those wealthy Russian Oligarchs are looking for her. I guess with them as clients and their money lost, she ought to be afraid. Very afraid.
According to the NY Times, she left Bank Medici, the firm she founded, in the hands of Austrian regulators who took it over last week. She invested heavily with Madoff and I suspect that her next place of residence will be a prison cell. But another theory widely repeated by those who know Mrs. Kohn is that she may be afraid of some particularly displeased investors: Russian oligarchs whose money made up a chunk of the $2.1 billion that Bank Medici invested with Mr. Madoff.
Isn’t this a stunning fall from grace for this 60 year-old woman? She is the daughter of Jewish refugees from Eastern Europe who moved to Vienna after World War II. She came to New York in the 1980s and was one of the rare women to found and head a small brokerage firm. At that time, she started a decades-long friendship with Mr. Madoff. Once known here as “Austria’s woman on Wall Street,” she became one of Mr. Madoff’s international conduits for securing billions of dollars from the global rich. Mrs. Kohn owns 75 percent of Bank Medici, with Bank Austria holding the rest.
The fallout from Bernard Madoff is far-reaching and I think we are in store for more surprises and more arrests. Yoo-hoo, Mrs. Kohn, some Russians are looking for you and they’re not happy!
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Filed under: Austria, Bank Medici, Bernard Madoff, Eastern Europe, Missing, Russian Oligarchs, Sonja Kohn
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