· The head of Bank Medici is being probed by authorities in the US, the UK, and her native Austria over alleged kickbacks she received from Bernard Madoff, the Wall Street Journal reports. Sonja Kohn.
Report: Foreclosure Inventory Hits Record Level in June Bank repossessions, often the final step in the foreclosure process after a home fails to sell at auction, increased about 3 percent from the month before to 95,364, a record high.
. banker Sonja Kohn and the bank she founded, Bank Medici, as well as Italy’s UniCredit and its unit, Bank Austria, and 53 other defendants seeking $19.6 billion. The trustee accused Kohn of having.
Court-appointed trustee Irving Picard filed the suit against Italian bank UniCredit S.p.A., Austrian banker Sonja Kohn and others. in organized crime. He accuses them of luring European investors.
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· The Austrian banker accused of being Bernard Madoff’s “criminal soulmate” by a US bankruptcy trustee has said she wished she had never met the disgraced US financier. In her first newspaper interview since Mr Madoff’s fraud was exposed, Sonja Kohn, 62, denied receiving secret kickbacks or having suspected him of running a “Ponzi” scheme.
· Madoff Trustee Seeks $19.6B From Austrian Banker. In addition to Kohn of Vienna’s Bank Medici, the suit names more than 50 other defendants, including UniCredit and Bank Austria. To date Picard has sought more than $50 billion for eligible victims, and has so far recovered about $2.6 billion, through settlements and asset sales,
Jobless rates stay level or improve in 32 states Wells Fargo standing by accuracy of foreclosure affidavits Court Decisions in Mortgage & Foreclosure Cases – foreclosure if not paid. This Security Instrument does not authorize acceleration of foreclosure if not permitted by regulations of the Secretary.” Mortgage, 12/20/01, Exhibit “A” of Complaint. 3 Wells Fargo held the note and provided service for the loan until December 2009.Jobless claims slip by 2,000 filings Fed needs to go back to the drawing board Back to the drawing board on bridge project. The brent spence bridge project needs to be right-sized and more affordable. A smaller, more focused project should be faster, cheaper and work for us all.WASHINGTON (CBS.MW) — Average filings for state unemployment benefits over the past four weeks fell to their lowest level since November 2000, the Labor Department reported Thursday.PIMCO’s Gross Sees Government Backing of Mortgages Undesirable but Necessary Trulia’s Market Leader now available on Zillow FDIC sues 12 banks over mortgage bonds sold to Colonial JPMorgan Chase & Co. (JPM) Sues FDIC Over WaMu Claims – JPMorgan Chase & Co. (NYSE:JPM) has sued the Federal. The company claimed that the FDIC had agreed to protect the bank from legal liability claims, as per the terms of deal to acquire WaMu. WaMu.
Family flees dream home because it used to be a meth house The New Zealand Herald – NZ Herald – Breaking news, latest. – latest breaking news articles, photos, video, blogs, reviews, analysis, opinion and reader comment from New Zealand and around the World – NZ HeraldPermanent HAMP mods fall 26% in August Hurdles remain for disparate impact claims in housing despite SCOTUS ruling Loan servicers may have some leeway in how they report the status of a loan during a trial period. It’s unlikely that you’ll have much, if any, say in how your loan servicer handles this matter.
Madoff trustee sues Austrian banker Kohn for $19.6 billion. – The court-appointed trustee in the recovery of assets stolen by Bernard Madoff has accused an Austrian banker of being a key player in the Ponzi scheme and sued her for $19.6 billion. Kohn says she regrets meeting Madoff – The Austrian banker accused of being Bernard Madoff.
· Big Kickbacks to Austrian Banker in Madoff Case?. UK and Austria believe Sonja Kohn received kickbacks from Madoff while she was a chairwoman of Austrian Bank Medici through separate companies.
Big Kickbacks to Austrian Banker in Madoff Case? CNBC.com.. UK and Austria believe Sonja Kohn received kickbacks from Madoff while she was a chairwoman of. A Rogues Gallery of Financial Crime;
Madoff trustee sues Austria banker for $19.6 billion. The complaint alleges Kohn and her family funneled at least $62 billion through Madoff’s firm and into private accounts. The trustee has filed a wave of lawsuits ahead of the second anniversary of Madoff’s arrest on Dec. 11, 2008. Madoff pleaded guilty in March,
House to vote Monday on limiting GSE CEO pay House to vote Monday on limiting GSE CEO pay | 2015-11-16. – The bill is based on legislation authored by Rep. Ed Royce, R- Calif. Monday’s scheduled House vote is on the Senate version of the GSE CEO pay limit bill, which was authored by Sen. David.