Two former Madoff employees arrested and charged with fraud

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

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