Computer programmers indicted in NY Madoff fraud

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By Associated Press

Summary

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

Story Published: Mar 17, 2010 at 7:30 PM PST

Story Updated: Mar 17, 2010 at 7:30 PM PST

NEW YORK (AP) - 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.

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