Anette Bongiorno might be referred to as an”aide” to Bernie Madoff, but it’s more like something similar to aiding and abetting Madoff for which she’ll ultimately be charged. For her work with Madoff, Bongiorno lived a rich and cushy life. Her home in Boca Raton is worth over a million dollars. It was there, in late November when she was arrested for her (alleged) complicity in the grand ponzi scheme. Boca is a ritzy area south of Palm Beach, a one-time home for Madoff and an area which has been hard hit with rich victims of his renoun scam.
U.S. Dustrict Judge Laura Taylor Swain revoked Bongiorno’s bail and canceled her house arrest. The judge deemed the woman a flight risk because of her access to all the millions she aquired from being a Madoff employee. Bongiorno surrendered to the marshall’s office and booked into Palm Beach County Jail. Bongiorno (allegedly) parlayed an investment of just over $900,000 into something over $14 million. She is now charged with more than twelve fraud related crimes in helping Madoff in his ponzi scheme. It’s hard to say at this point, but at 62 years old, Bongiorno’s future looks bleak. This investigation is on-going on many levels: one most recent victim was Madoff’s son Mark, who hung himself weeks ago in his New York City home.
There are many tales of victims who seemed to have it all living in the Palm Beach area only to see it all wiped out. Many of these people were retired and have had to reenter the job market. Trying to sell their estates in a down economy has only added to their misery. A number of once wealthy investors have had to resort to bringing in their treasured keepsakes to area pawnbrokers. Madoff’s wife Ruth is also the target of an investigation to get back money which was swindled from thousands of investors. As for Anette Bongiorno, she is one of many who were tied to Bernie Madoff by blood, employment or by other close associations who lived the high life for so long, only to see their good fortune vanish in the haze of historic and obscene greed.