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Madoff Aide on Trial Was Lied to About Wealth, Jury Told

Bernard Madoff’s right-hand woman for four decades, who’s on trial for allegedly aiding his $17 billion fraud, overheard the same lies for years about her boss’s wealth that tricked everyone else, a jury was told. Annette Bongiorno, who ran the investment advisory unit at the center of the Ponzi scheme, was often nearby when Madoff talked about overseas investments and ownership in French banks, Madoff’s ex-finance chief testified today in Manhattan federal court. Madoff’s claims led some workers to believe he had invested customer money, said Frank DiPascali, who pleaded guilty for his role in the fraud. More on Bloomberg here.

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