Tuesday, 16 September 2014
Last updated 4 hours ago
Aug 9 2010 | 11:20am ET
Federal prosecutors are going after $5.1 million in assets owned by a long-time employee of Ponzi schemer extraordinaire Bernard Madoff.
The U.S. Attorney’s office in Manhattan filed an amended forfeiture claim against Annette Bongiorno, who began working for Madoff in 1968 and eventually rose to head his firm’s back-office staff. Among the assets the government may seek are Bongiorno’s homes in suburban New York and Boca Raton, Fla., and three cars owned by Bongiorno and her husband, two Mercedes Benzes and a Bentley.
Prosecutors filed the first forfeiture claim against Bongiorno, seeking $2.4 million, in June. They are also seeking a similar amount from another former Madoff employee, Joann Crupi.
Madoff is serving 150 years in prison for defrauding investors of $65 billion.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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