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Bank Austria: Primeo-investor Wins in First Instance
An investor asked Bank Austria to sell her Primeo participation two months before the Madoff fraud was busted, but Bank Austria has not paid up yet.
Bank Austria: Primeo-investor Wins in First Instance / Picture: © Uni Credit Group Bank Austria
After Bank Austria won three suits in first instance related to their "Primeo” fund, the monies of which flowed mostly to the U.S. billion fraudster Bernard Madoff, they have now suffered a defeat.
As the "Format" reports, an investor obtained favorable judgment from the Commercial Court (HG). In 2003 she invested 50,000 euro in the "Primeo" fund on the advice of the bank,…
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