Monday, 30 November 2015
Last updated 2 days ago
Jan 18 2011 | 8:14pm ET
Bernard Madoff’s longtime secretary is free on bail again after spending a few weeks in prison.
Annette Bongiorno was freed earlier this month on $3 million bond. She had been jailed—and hauled to New York from her home in Florida—just before Christmas after prosecutors said she had access to $2.4 million in assets they hoped to seize.
But the government now says it has encumbered about $7.6 million of Bongiorno’s assets, leaving her with “insufficient unrestrained assets” to repay the eight co-signers of her bond should she flee. Under the terms of her bails, she is subject to home confinement and must wear an electronic monitoring anklet.
Bongiorno and another longtime Madoff aide, Joann Crupi, were arrested in November and charged with assisting him in running a $65 billion Ponzi scheme. Investigators reportedly found a note written by Bongiorno ordering a Madoff employee to produce phony client statements without argument. Bongiorno and Crupi have also been sued by the court-appointed receiver in the case, who is seeking $20 million from them.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…