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Tag: Anette Bongiorno

U.S. Atty. Goes After $5 Mil In Assets from Bernie Madoff Employees

 cash-100-billsBy Allan Lengel
ticklethewire.com

The federal prosecutors aren’t done trying to recover more of the poisonous fruits from Bernie Madoff and his people.

U.S. Attorney Preet Bharara of Manhattan announced Tuesday that his office filed  civil complaints against former Madoff employees Annette Bongiorno and Joann Crupi  to recoup  $5 million in assets they had.  Both worked for Madoff for more than 25 years and played a  role in the gigantic fraud, federal prosecutors alleged.

Authorities said Bongiorno responsibilities included  responding to clients’s questions about about their investments and  overseeing the fabrication of account statements, trade confirmations, and other documents. Crupi’s responsiblities included handing the receipt of funds  and transferring funds between Madoff’s business accounts.

According to a U.S. Attorney press release, the funds in question for ANNETTE BONGIORNO include: Approximately $1.1 million currently or formerly held in accounts at Citibank, Morgan Stanley Smith Barney, and HSBC; a 2005 Bentley Continental, for which BONGIORNO paid approximately $182,605; a 2007 Mercedes Benz, for which BONGIORNO paid approximately $90,000; and approximately $1.3 million paid towards a luxury condominium.

And for JOANN CRUPI: A house in Mantoloking, N.J., for which she paid $2,225,000 cash; and approximately $26,500 in rental income from the Mantoloking house, currently held at Commerce Bank.

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