Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Madoff Secretary Gets 6 Years For Role In Ponzi Scheme

 Annette Bongiorno, age 65, who served as an executive assistant for Madoff Investment Securities, leaves federal court after being found guilty of charges of aiding, assisting and profiting from the Ponzi scheme run by Bernard Madoff on March 24, 2014 in New York City.  (Andrew Burton/AFP/Getty Images)
Annette Bongiorno, age 65, who served as an executive assistant for Madoff Investment Securities, leaves federal court after being found guilty of charges of aiding, assisting and profiting from the Ponzi scheme run by Bernard Madoff on March 24, 2014 in New York City. (Andrew Burton/AFP/Getty Images)

Employees complicit in Bernie Madoff’s multi-billion dollar ponzi scheme were sentenced Tuesday, including his former secretary who became rich working for her disgraced boss.

Annette Bongiorno earned millions keeping the books as Madoff’s secretary. A federal judge in Manhattan sentenced her to six years in a Florida prison. The judge said Bongiorno wasn’t “fundamentally corrupt,” but she should have recognized the fraud she helped perpetuate. Bongiorno could have faced life in prison.

The judge also sentenced a former computer programmer, Jerome O’Hara, to two and a half years in prison. CNN business reporter Maggie Lake talks to Here & Now‘s Jeremy Hobson about the sentence.

Guest

  • Maggie Lake, business reporter for CNN. She tweets @maggielake.
  • Copyright 2021 NPR. To see more, visit https://www.npr.org.