Computer Programmers Indicted in N.Y. Madoff Fraud

Thursday, 18 Mar 2010 10:40 AM

 

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Two former employees accused of helping fraudulent Wall Street financier Bernard Madoff program an old computer to generate false records have been indicted.

Wednesday's indictment accuses computer programmers Jerome O'Hara and George Perez of conspiracy, falsifying records of a broker dealer and falsifying records of an investment adviser.

The men originally were charged in a criminal complaint before the case was presented to a federal grand jury, which returned the indictment.

O'Hara is from Malverne, N.Y. Perez is from East Brunswick, N.J. Each remains free on $1 million bail. Defense lawyers say the men will plead not guilty.

The 71-year-old Madoff is serving a 150-year sentence after admitting his multi-decade Ponzi scheme cost thousands of investors billions of dollars.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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