She testified that all stock trade backdating and financial record changes documented in her handwriting represented work she produced at Madoff's orders without questioning the purpose. New Balance Orange And Black
Did she tell investigators who questioned her after the implosion that she had worked on a project to re do three years of account statements for one group of Madoff customers?
Asked if she had processed the change to reduce the younger Madoff's assets in 2008 as he was going through a divorce, Bongiorno responded, "I didn't do anything of the kind."
ï»¿I had 'no clue' about the fraud
The next New Balance 868 day, after Madoff was arrested and investigators suspended the investment business, Bongiorno said she went to her boss's partner and brother, Peter Madoff, after she realized the account checks had never been signed.
Testifying in her own defense against fraud charges, she said she was Christmas shopping at a Nordstrom's store on Dec. 10, 2008, when Madoff phoned and asked her to go to his Manhattan investment office.
"I don't know," said Bongiorno.
Story HighlightsBongiorno says she didn know firm was New Balance Ladies Sneakers
"If I was told to do it, I did it," Bongiorno testified about the account entries. "It didn't raise a red flag."
NEW YORK Longtime Bernard Madoff assistant Annette Bongiorno said Thursday she had "no clue" that the financier's business was about to collapse and be revealed as a massive Ponzi scheme slightly more than five years ago.
Zach showed Bongiorno a document in which she had written notes about reducing the value of a deferred compensation account held by Madoff's son, Andrew, from $33 million to roughly $200,000. Other records confirmed the change.
Told when she arrived that Madoff had ordered the closing of all investment accounts for employees and their families, Bongiorno referred to the $50 million her own accounts purportedly held as she recounted her shocked response: "I'm going to have to pay all these taxes (on the sale gains) in one year?"
Longtime assistant to convicted Ponzi schemer says she didn't know business was about to collapse.
Former Bernard Madoff aide Annette Bongiorno leaves Manhattan federal court in New York after testifying in her own defense against fraud charges.(Photo: Seth Wenig, AP)
"I said protect me from what? What are you talking about?" said Bongiorno, her New York City accent seemingly thickening as she recounted the episode.
Bongiorno is innocent of participating in and profiting from the fraud that Madoff used to steal as much as $20 billion from thousands of investors. Attorney John Zach, her testimony showed she was far less certain of other details related to the fraud.
Her testimony, delivered in response to questioning by her attorney, Roland Riopelle, seemed to buttress defense contentions that New Balance New
Was Bongiorno suspicious about backdated Madoff firm records purportedly showing she and her husband, Rudy, fortuitously sold 10,800 shares of Lehman Brothers one month before the investment bank collapsed in September 2008, accelerating the national financial collapse?
"If I didn't tell them, I forgot. I was scared," she said.
"He said he couldn't sign the checks," said Bongiorno. "He looked at me like I was crazy."
She testified she was similarly befuddled when co worker Frank DiPascali, now the trial's star prosecution witness against her, left the office a day later saying, "Don't worry. I'll protect you."
Did she tell investigators she'd been involved in creating a new account for a fund invested with Madoff?
a fraud on verge of collapseMadoff ordered stock trade backdating and other record changes, she testifies"I never managed any account. I followed orders."
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