RuAnn Nation — They Can't Say They Weren't Warned

Bongiorno and her husband, Rudy, a retired electrician, recruited and stayed in touch with investors in the old neighborhood who held accounts called “RuAnn,” [you can say that again] according to the employee, who requested anonymity. “RuAnn” is short for Rudy and Annette, the employee said. An account statement reviewed by Bloomberg News had the initials RU. [1]

Even Lucky Santangelo would have been mortified just finding herself in a book with elements like that.  RU the day? Have a Nice Day! :)

Let’s hope the Australian wealth managers don’t get caught in the backwash.  Collateral damage from this bust is getting silly.

———

[1]: "Madoff Key Aide Bongiorno Recruited Her Neighbors as Investors", by David Voreacos and David Glovin, Bloomberg, February 14, 2009.

Share

Related Posts

  1. We Were Warned (February 10, 2009)
    Tagged
  2. FDIC Gnomes Warned on Moral Hazard (October 2, 2008)
    Tagged , , in Finance

  3. Crack of Doom: T-Bon. and BARF Week (February 2, 2009)
    Tagged , , in Finance, Humor, Politics

  4. Solution Found: We Need Another Bubble (July 17, 2008)
    Tagged , in Humor

  5. Vacant Homes Stacking Up Around the Nation (April 29, 2007)
    Tagged

Written by

More posts by:

2 Comments for this entry

  1. Richcinaz says:
    February 14, 2009 at 1:56 PM

    John I think the question might be. Will you RU the day?

  2. John M. says:
    February 14, 2009 at 5:04 PM

    possible …

    Considering how long Bernie’s been merely under mansion-arrest there are possibly dark and powerful forces at play. It wouldn’t be nice to reveal the outlines of a Wall Street — ### #### — Langley axis out of the dust of this affair, …

    but Igor is still “clueless,” so hopefully no more nasty comes out of this beyond the obvious.

Comments are now closed.