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.

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