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New York Prosecutors Seek More Assets In Madoff Case

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Bernard Madoff

Bernard Madoff

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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.

(TM and Copyright 2010 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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