Second Madoff aide testifies at trial, denies knowledge of fraud

By REUTERS
February 25, 2014 00:59

 
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

Longtime Bernard Madoff assistant Annette Bongiorno on Monday testified that she had no idea her boss was operating a vast Ponzi scheme, despite the decades she spent helping run the trading business where it originated.

Bongiorno said she recorded backdated trades, sometimes months after the fact, but never suspected there was anything illegal about it.

"Did anyone ever suggest to you that there was something wrong with that practice?" her lawyer, Roland Riopelle, asked her.

"The only person who ever suggested that to me was you," she replied.

Bongiorno is on trial in Manhattan federal court along with four other Madoff employees, all accused of aiding the fraud.

She became the second defendant to testify in her own defense, after Madoff's director of operations, Daniel Bonventre, chose to do the same last week. His testimony concluded on Monday morning.

Related Content

Breaking news
August 15, 2018
Turkish court rejects U.S. pastor's appeal, upper court yet to rule, lawyer says

By REUTERS