Two former Madoff employees arrested and charged with fraud

bernard-madoff-2009
Bernard Madoff is serving a 150-year sentence

Two former employees of Bernard Madoff have been arrested and charged for their roles in the Ponzi scheme that sent Madoff to jail for 150 years and cost investors $65 million.

The SEC has said Annette Bongiorno and JoAnn Crupi will face charges of creating false documents and trades, and misleading investors, respectively.

Bongiorno, who joined Bernard Madoff Investment Securities (BMIS) in 1968, allegedly created false books and records for the firm, and misled investors by creating trade

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: