Tags: US | Madoff | Scandal | Assets

NY Prosecutors Seek More Assets in Madoff Case

Tuesday, 03 Aug 2010 03:38 PM

 

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Federal prosecutors in New York are seeking over $5 million in assets belonging to a former office supervisor for jailed financier Bernard Madoff.

The government said Tuesday that it has traced houses in Manhasset, N.Y., and Boca Raton, Fla., and other assets to the long-time Madoff employee, Annette Bongiorno. Prosecutors previously had traced $3 million in assets to her.

Bongiorno has not been criminally charged in the multi-billion-dollar fraud that resulted in a 150-year prison sentence for the 73-year-old Madoff.

Her lawyer did not immediately respond to a request for comment.

Authorities say Madoff cheated thousands of investors of billions of dollars. He said their $20 billion investment had more than tripled when it actually was nearly worthless.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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