2 computer programmers indicted in NY Madoff fraud

NEW YORK — Two former employees accused of helpingfraudulent Wall Street financier Bernard Madoff program an old computerto generate false records have been indicted.

Wednesday'sindictment accuses computer programmers Jerome O'Hara and George Perezof conspiracy, falsifying records of a broker dealer and falsifyingrecords of an investment adviser.

The men originally were chargedin a criminal complaint before the case was presented to a federalgrand jury, which returned the indictment. O'Hara and Perez each remain free on $1 million bail. Defense lawyers say the men will plead not guilty.

The71-year-old Madoff is serving a 150-year sentence after admitting hismulti-decade pyramid scheme cost thousands of investors billions ofdollars.

Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy