S.E.C. Accuses 2 Programmers of Aiding Madoff
The Securities and Exchange Commission said on Friday that it had sued two computer programmers for their role in helping Bernard L. Madoff, the convicted money manager, cover up the Ponzi scheme at Bernard L. Madoff Investment Securities for more than 15 years.
In a statement, the S.E.C. said the two programmers — Jerome O’Hara of Malverne, N.Y., and George Perez of East Brunswick, N.J. — provided the technical support needed to produce false documents and trading records, and were paid to keep the scheme going.
“Without the help of O’Hara and Perez, the Madoff fraud would not have been possible,” said George S payday loan lenders. Canellos, the director of the S.E.C.’s New York Regional Office. “They used their special computer skills to create sophisticated, credible and entirely phony trading records that were critical to the success of Madoff’s scheme for so many years.”