Two linked in Madoff case

TWO members of imprisoned financier Bernard Madoff’s inner circle were arrested on charges of helping to conceal the largest financial fraud in history, US prosecutors said yesterday.

The indictments of former employees Jo Ann “Jodi” Crupi, 49, and Annette Bongiorno, 62, brings to eight the number of people criminally charged since the December 2008 revelation of Madoff’s multibillion-dollar decades-long fraud.

Hours after the two women were arrested at their homes, Manhattan US attorney Preet Bharara hinted at more arrests and criminal charges in the case.

The fraud shook investor confidence in market regulators who missed Madoff’s epic swindle despite repeated warnings.