Prosecutors seek $5M in assets from former Madoff office supervisor, including NY, Fla houses
By APTuesday, August 3, 2010
NY prosecutors seek more assets in Madoff case
NEW YORK — Federal prosecutors in New York are seeking over $5 million in assets belonging to a former office supervisor for jailed financier Bernard Madoff.
The government said Tuesday that it has traced houses in Manhasset, N.Y., and Boca Raton, Fla., and other assets to the long-time Madoff employee, Annette Bongiorno. Prosecutors previously had traced $3 million in assets to her.
Bongiorno has not been criminally charged in the multi-billion-dollar fraud that resulted in a 150-year prison sentence for the 73-year-old Madoff.
Her lawyer did not immediately respond to a request for comment.
Authorities say Madoff cheated thousands of investors of billions of dollars. He said their $20 billion investment had more than tripled when it actually was nearly worthless.