The Madoffs — Like Father, Like Sons?
Behind every great man stands a great woman — or so the saying goes. And behind every not-so-great man?
Well, two former employees of convicted Ponzi-schemer Bernard Madoff, Annette Bongiorno and Joann “Jodi” Crupi, were arrested in their homes early Thursday, and charged with conspiracy, securities fraud, falsifying records and tax evasion.
U.S. Attorney Preet Bharara said in a statement, “A house of cards is almost never built by one lone architect.” And as the cards continue to fall, the Madoff family could be the next to topple, writes Allan Dodds Frank of The Daily Beast:
Whether the new indictments will bring prosecutors closer to making a case against Madoff’s two sons, his niece or his brother Peter is an open question. Sources tell The Daily Beast that prosecutors are concentrating on the tax fraud aspects of the family accounts, which even include representations in Madoff family foundation accounts of extensive stock holdings and trading that may not have ever happened.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we still need 300 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Only 300 more gifts needed by April 30