Nov 18, 2010

Two former longtime Madoff associates arrested

Two longtime aides Bernard Madoff were arrested by federal prosecutors as part of the ongoing probe into the Ponzi scheme.

Joanne Crupi was arrested at her Westfield, New Jersey, home, while Annette Bongiorno was arrested at her home in Boca Raton, Florida.

The 61-year-old Bongiorno worked for Madoff for more than 40 years as as a secretary and back office staff supervisor. Federal prosecutors already moved to seize her $1.2 million Boca Raton mansion.

Crupi was also a longtime Madoff employee. Federal prosecutors seized her $2.25 million house in Mantoloking, on the Jersey Shore.

More here.

(click on cartoon to enlarge)