Two Madoff Employees Arrested in ‘Significant Expansion’ of Investigation

Two ex-employees of convicted Ponzi schemer Bernie Madoff have been arrested, The New York Times reports.

Annette Bongiorno, Madoff’s former secretary, and Joann Crupi, who tallied the Madoff fund’s cash balances, were arrested by the feds this morning. The Times says that the collarings signal a “significant expansion” in the government’s pursuit of Madoff-related malefactors. The pair also faces civil charges “seeking the forfeiture of about $5 million in assets controlled by the two women and allegedly traced to the Madoff fraud.”

Charges in the criminal case are expected to be made public later today.

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