Saturday, 20 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.