Former Bernie Madoff secretary Annette Bongiorno, a key participant in the largest fraud scheme in US history, appears as a short, dawdling woman of almost 200 pounds. But the 40 year employee, who “unwillingly” rose through the ranks of Madoff’s investment advisory firm, had one key benefit to Madoff: she was loyal and didn’t ask a lot of questions. “I loved Bernie” “I loved Bernie,” Bongiorno said in court testimony yesterday. “He was like my big brother. I had a lot of respect for him.” On a daily basis, Bongiorno played a key role in concealing Madoff’s fraud. She used…
Former Madoff Lieutenant Sees Nothing Wrong With Backdating Trades
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.