Two longtime back office employees of disgraced Bernard Madoff have been arrested on charges that they helped the disgraced financier dupe investors for decades by making fictitious investments.

The pair, identified as Joann Crupi and Annette Bongiorno, are also accused of cashing in on the epic Ponzi scheme that milked billions of dollars from investors.

FBI agents arrested Crupi at her house in Westfield, N.J. on Thursday, while Bongiorno was picked up at her home in Boca Raton, Fla.

The women are charged with conspiracy, securities fraud and falsifying records.

Bongiorno's attorney, Maurice Sercarz, said in an e-mail that his client looked forward to proving her innocence.

Crupi's attorney did not immediately respond to requests for comment.

Crupi is due in Manhattan court today. Bongiorno will have an initial appearance in Florida.

PORTIONS OF THIS ARTICLE WERE SUPPLEMENTED BY THE ASSOCIATED PRESS