Arrested Madoff worker struggling to make bail

By ASSOCIATED PRESS
December 13, 2010 23:57
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

NEW YORK — The notoriety of the Bernard Madoff case — including the recent suicide of the disgraced financier's son — has made it tough for a former back office worker to make bail, her defense attorneys told a judge on Monday.

Lawyers for Annette Bongiorno said the onslaught of negative publicity has discouraged supporters from signing a $5 million bond that would win her release on charges she made millions of dollars by helping Madoff conceal his massive financial swindle.

"Given the notoriety of the case, it's been extremely difficult," attorney Roland Riopelle said in federal court in Manhattan.

Prosecutors argued that stringent bail conditions were appropriate.

"Ms. Bongiorno was not simply a secretary," Assistant U.S. Attorney Julian Moore said. "Ms. Bongiorno was a key player in this fraud."

Bongiorno, 62, is currently under house arrest in Florida. She didn't attend Monday's hearing.

FBI agents arrested Bongiorno and another longtime employee for Madoff's firm, Joann Crupi, last month in the ongoing investigation of the fraud. Bongiorno was picked up at her home in Boca Raton, Florida, while Crupi was arrested at her house in Westfield, New Jersey.

Seized records show that Bongiorno deposited about $920,000 in her own Madoff account from 1975 to 2008 and withdrew more than $14 million over the same period, the indictment says. Prosecutors say she used stolen investor funds to buy expensive homes and cars and to support her unemployed husband.

Related Content

Breaking news
August 21, 2018
Russia accuses UK of trying to foist its Russia policies on the EU, U.S.

By REUTERS