Financial Times FT.com

Programmers arrested ahead of Madoff auction

By Greg Farrell, Joanna Chung and Shannon Bond in New York

Published: November 13 2009 18:56 | Last updated: November 13 2009 18:56

Two computer programmers from Bernard Madoff’s fraudulent investment operation were arrested on Friday on charges of falsifying Mr Madoff’s trading records to make them appear regular and above board.

According to a criminal complaint filed in federal court in Manhattan, the two men, Jerome O’Hara, 46, and George Perez, 43, are accused of having created and updated software programs for one of Mr Madoff’s primary computers – known internally as “house 17”. These programs generated documents that allegedly helped Mr Madoff avoid detection by the Securities and Exchange Commission and a European auditing firm.

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