fbi

Authorities Arrest Two More in Madoff Case

Two years now since the collapse of Bernie Madoff's massive Ponzi scheme, the picture of the largest fraud ever perpetrated is becoming clearer all the time. And while Madoff himself insisted that he acted alone, investigators and prosecutors insist that a fraud of such magnitude would have to have required the complicity and support of an entire team. To that end, indictments have been handed to two additional former Madoff employees, who now await prosecution.

The indictments were reportedly handed to Jo Ann "Jodi" Crupi and Annette Bongiorno, both having been arrested by FBI agents and remain in custody pending $5 million in bail to be posted for each. The number of those indicted in the Madoff case has now reached eight as authorities strive to put the pieces back together.

Source

Tags: Annette Bongiorno, bernie madoff, fbi, fraud, Jo Ann Crupi, Jo Ann Jodi Crupi, Jodi Crupi, madoff, ponzi, ponzi scheme

fbi

Authorities Arrest Two More in Madoff Case

Featured Galleries

HuffPost AOL Social News Most Popular

Also on AOL