February 16, 2009 Alex Woodie
The IBM AS/400 is good at a lot of things, including tracking inventory, processing claims, and tallying sales. And now you can add one more accomplishment to the legendary box’s resume: Running Ponzi schemes. In recent weeks, evidence points to the fact that Bernie Madoff used an AS/400 server to help perpetrate his alleged $50 billion fraud. Data contained on the server, recently confiscated by the Justice Department, will likely play a crucial role in helping to unravel the crime of the century.
Fox Business broke the story about Madoff’s use of the AS/400 to run his alleged Ponzi scheme