Ex Madoff Employees Arrested By The Feds

Two former employees of imprisoned financier Bernie Madoff were arrested by FBI agents in relation to his massive Ponzi scheme, according to FBI spokesman Jim Margolin.

Joann Crupi was arrested overnight in New Jersey and Annette Bongiorno was taken into custody in Florida. Charges against them are forthcoming.

Madoff who plead guilty in 2009 to 11 counts of running the largest Ponzi scheme in history, is serving a 150 year sentence at the Federal Correctional Complex in Butner, North Carolina.

Crupi and Bongiorno's arrests are the latest in a series since Madoff's fraud collapsed in 2008. To date, two former executives, two computer programmers, and an accountant of Madoff's have faced charges. Frank DiPascali, Madoff's former finance chief, pleaded guilty to fraud charges in 2009.

The government had previously filed civil complaints against Bongiorno and Crupi, both longtime Madoff employees who worked as supervisors of his "back office" staff, seeking the forfeiture of millions of dollars worth of assets, including homes and luxury cars, that they allegedly received while involved in Madoff's scheme.