New York Prosecutors Seek More Assets In Madoff Case
NEW YORK (1010WINS/AP) — 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.
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