Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Former Madoff aide surrenders in Florida

By the CNN Wire Staff

NEW YORK (CNN) -- A former aide to Bernard Madoff has surrendered to authorities in Florida and will soon appear in New York to face charges related to Madoff's massive Ponzi scheme.

Annette Bongiorno, 62, turned herself in to the U.S. Marshals Service in Florida on Tuesday after her bail was rejected by a district judge in New York, according to U.S. Marshals Deputy Wayne Pickering.

Annette Bongiorno after surrendering to authorities

She had been previously approved for bail, but that right was later revoked by Judge Laura Taylor Swain over concerns of flight risk, given that Bongiorno has access to millions of dollars, according to court documents.

Bongiorno had been booked at the Palm Beach County jail, but was later transferred into the custody of the marshals, said Palm Beach police spokesman Eric Davis.

Bongiorno's attorney Roland Riopelle said his client "was disappointed but stoic." He would not comment further on the case.

She is said to have managed investment accounts for some of Madoff's largest and most important customers, including Carl Shapiro, Stanley Chais and Jeffry Picower, said Madoff's secretary Eleanor Squillari.

"(Bongiorno) was running the accounts for the favored clients," Squillari said. "She really was the head of her department in the investment advisory part of the business."

The government previously filed civil complaints against Bongiorno and Joann Crupi, both longtime Madoff employees who worked as supervisors of his "back office" staff. The suits are intended to retrieve millions of dollars in assets -- including homes and luxury cars -- that the two allegedly received while involved in Madoff's scheme.

Earlier this month, Madoff's son Mark Madoff committed suicide in his Manhattan apartment two years to the day after his father was arrested for swindling $50 billion from investors in the largest Ponzi scheme in U.S. history.

Madoff pleaded guilty in 2009 and was sentenced to 150 years in prison. --

-- CNN's Allan Chernoff contributed to this report. To top of page

Index Last Change % Change
Dow 17,798.49 -14.90 -0.08%
Nasdaq 5,127.53 11.38 0.22%
S&P 500 2,090.11 1.24 0.06%
Treasuries 2.22 -0.01 -0.31%
Data as of 1:42am ET
Company Price Change % Change
General Electric Co 30.36 0.00 0.00%
Bank of America Corp... 17.48 0.04 0.23%
HP Inc 12.61 -0.03 -0.24%
Pfizer Inc 32.79 -0.08 -0.24%
Walt Disney Co 115.13 -3.54 -2.98%
Data as of Nov 27


Nearly six in ten black Americans surveyed by CNN/Kaiser Family Foundation say that they or a close friend or family member have been incarcerated -- and a majority of them come from low-income households. That leaves the many families of inmates in a precarious financial situation. More

Hive, a startup funded by the UN, is tasked with getting more Americans engaged with the refugee crisis. More

Shoppers around the country braved the crowds to get their hands on the best Black Friday deals. More