Ex-Madoff Aide Can’t Make Bail, Sent To NY

WEST PALM BEACH, Fla. (AP) — Disgraced financier Bernard Madoff’s longtime secretary was unable to make a $5 million bail and will be transferred from Florida to New York to face charges stemming from the huge Ponzi scheme.

A federal magistrate judge ruled Monday that 62-year-old Annette Bongiorno cannot be released until friends and family can come up with sufficient assets to secure the bail. That means Bongiorno will likely remain in custody while being transferred to New York.

Bongiorno and another former Madoff aide were arrested last week on conspiracy, securities fraud and other charges arising from the multibillion-dollar Ponzi scheme. They could each face decades in prison if convicted.

Madoff was serving a 150-year prison sentence.

(Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • yaksul

    maybe ruthie can post bail after the funeral. otherwise, buongiorno aint gonna have such good days anymore. what goes around annette, comes around.

  • Gregg

    What about the Madoff family members ?? You know they were aware of their father’s business and enjoying the stolin money !! Guess they won’t be receiving big holiday gifts this year !

  • bill Dee

    They had to know what was going on and they really should go to prison. Once Madoff was exposed they should have come forward and volunteered to divulge all. But instead they continued to live large and in denial. Stupid.

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