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Tag: Joann Crupi

FBI Arrests 2 Who Worked For Madoff for More than 25 Years

Bernie Madoff

By Allan Lengel
ticklethewire.com

The FBI Thursday morning arrested two people who worked for swindler Bernie Madoff.

Joann Crupi was arrested at her home in Westfield, NJ and Annette Bongiorno was arrested at her home in Boca Raton, Fla., said Richard Kolko, spokesman for the FBI in New York.

“Charges, in connection with the Madoff investment fraud, will be unsealed in the Southern District of New York later today,” Kolko said.

In June, U.S. Attorney Preet Bharara of Manhattan announced that his office had filed civil complaints against Bongiorno and 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. the funds in question for  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  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.

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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