Prosecutors target Madoff secretary

Aug 04, 2010  Posted by Shannon Cox in Business News | | No Comments »

NEW YORK, Aug. 5 (UPI) — Prosecutors in New York are seeking to lay claim to more than $5 million in assets owned by former Bernard Madoff employee Annette Bongiorno, court papers show.

Madoff is serving a 150-year prison sentence for operating a decades-long Ponzi scheme that lost billions of dollars of his investors’ money.

Bongiorno, who owns a $1.2 million mansion in Boca Raton, Fla., was employed by Madoff for more than 40 years as a secretary and staff supervisor, the South Florida Sun-Sentinel reported Thursday.

But prosecutors allege that Bongiorno was a willing accomplice in Madoff’s scheme.

Her holdings include $1.1 million in bank accounts, a home in Manhasset, N.Y., that cost $1.4 million, cars valued at more than $300,000, and two down payments on property that total $7.8 million.

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