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Austria: Madoff-Exposed Bank Medici Reportedly on Brink of Collapse, Class Action May Be in Works
Austria’s Bank Medici has reportedly been hit hard by the alleged Madoff Ponzi scheme, to the point that it is on the brink of collapse. Forbes reports that “former associates and banking sources say there is little hope for the five-year-old bank as investors have lost trust in the business.” Two of Medici’s funds, Herald […]