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| Madoff's Programmers Indicted
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| from the just-an-off-by-one-billion-bug-i-swear dept.
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| posted by Soulskill on Saturday March 20, @10:43 (Crime)
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|
https://news.slashdot.org/story/10/03/20/1347221/Madoffs-Programmers-Indicted
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jason8 writes with news that two programmers who worked at Bernie
Madoff's investment firm [0]have now been indicted on charges of
'conspiracy, falsifying records of a broker-dealer and falsifying records
of an investment adviser,' for their role in [1]hiding the firm's
activities (PDF) from the SEC and external accountants. Quoting Reuters:
"O'Hara and Perez, employed at the firm from 1990 and 1991, respectively,
were primarily responsible for developing and maintaining computer
programs in the investment advisory unit at the center of the fraud. Many
of the programs were run on an IBM server known as 'House 17,' according
to court documents. Prosecutors said the men took hush money to help keep
the fraud going and designed codes to make up fake trade blotters and
phantom records. US prosecutors said the two men worked under the
supervision of Madoff and his top aide, Frank DiPascali, to deceive the
US Securities and Exchange Commission and a European accounting firm.
DiPascali is cooperating with prosecutors, who said his information led
to the arrests of the programmers and the now defunct firm's outside
accountant."
Discuss this story at:
http://news.slashdot.org/comments.pl?sid=10/03/20/1347221
Links:
0. http://www.reuters.com/article/idUSTRE62G52P20100317
1.
http://www.justice.gov/usao/nys/pressreleases/March10/oharajeromeandperezgeorgeindictmentpr.pdf
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