Two Are Charged With Helping Madoff Falsify Records:
Two computer programmers who worked for Bernard L. Madoff's brokerage firm were arrested on Friday on criminal charges of helping perpetuate his long-running Ponzi scheme.
The two men -- Jerome O'Hara of Malvern, N.Y., and George Perez of East Brunswick, N.J. -- were also sued by securities regulators, who said they had helped keep the Madoff fraud running for more than 15 years and took "hush money" to keep it secret.
The criminal and civil complaints accuse the men of creating and maintaining the software that enabled Mr. Madoff to generate a completely fictitious paper trail to conceal his fraud from investors and regulators.
Hopefully the first of many prosecutions.
More like this
Woman Tells of Affair With Madoff in New Book:
I used to wonder why we, the people of the USA, tolerate our
government. Then I read
href="http://www.bloomberg.com/apps/news?pid=20601109&sid=au4Y7Cudw2Xo&refer=home">this:
The New York Times just published the definitive Bernie Madoff piece so far, Madoff Scheme Kept Rippling Outward, Across Borders.
There are now some articles which are detailing the other Ponzi schemes which are coming out in the wake of l'affaire Madoff.
There surely ought to be plenty of programmers for Godman Sachs (and the like) who are quivering in their boots.