Saturday, November 14, 2009

Madoff’s Coders Charged With Aiding Massive Ponzi Scheme

Two programmers who worked for convicted fraudster Bernard Madoff have been arrested and charged with providing technical support for the massive Ponzi scheme that bilked investors out of an estimated $65 billion.

Jerome O’Hara, 46, and George Perez, 43, were arrested Friday morning and charged with conspiracy for falsifying books and records for Madoff’s broker-dealer and investment businesses.

“The computer codes and random algorithms they allegedly designed served toSource: Threat Level RSS Feed

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