FBI Arrests AS/400 Programmers in Madoff Scheme
November 16, 2009 Alex Woodie
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The FBI on Friday arrested two programmers who allegedly created the AS/400 applications that generated the fake account statements that helped conceal Bernie Madoff’s $65 billion Ponzi scheme from victims and authorities for nearly two decades. The programmers, who started working for Madoff in the early 1990s, face up to 30 years in prison if convicted. Also, a new report uncovers more details about the programs, processes, and personnel involved with the AS/400 at the heart of Madoff’s scam. Jerome O’Hara, 46, of Malverne, New York, and George Perez, 43, of East Brunswick, New Jersey, were arrested at their homes |


