Tags: US | Madoff | Scandal | Assets

NY Prosecutors Seek More Assets in Madoff Case

Tuesday, 03 Aug 2010 03:38 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Discovery Channel Everest Jump in Doubt After Deadly Avalanche

Friday, 18 Apr 2014 22:12 PM

The Everest Jump Live special that Discovery Channel had planned for May 11 is in question following a deadly avalanch . . .

Wyatt Earp Gun Sells for $225,000 at Auction

Friday, 18 Apr 2014 22:08 PM

A gun thought to have been carried by Wyatt Earp during the famous O.K. Corral shootout in Tombstone has sold at auction . . .

Dropbox Customers Organize Boycott to Protest Condi Rice Ties

Friday, 18 Apr 2014 21:47 PM

Protesters of Condoleezza Rice's appointment to the board of directors of Dropbox due to her views on Internet surveilla . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved