Source Pravda.Ru

Madoff's Net Runners Own Up to Great Fraud

  Two former computer programmers for Bernard Madoff's investment firm were arrested Friday on charges they helped  in fraud for more than 15 years.

  The U.S. attorney's office said Jerome O'Hara, of Malverne, N.Y., and George Perez, of East Brunswick, N.J., were arrested at their homes. It said the pair formerly worked for Bernard L. Madoff Investment Securities.

   According to an SEC complaint filed in U.S. District Court in Manhattan, O'Hara and Perez wrote programs that generated thousands of pages of fake trade blotters, stock records "and other phantom books and records to substantiate nonexistent trading."

  O'Hara and Perez "had a crisis of conscience in 2006 and tried to cover their tracks by attempting to delete approximately 218 of the 225 special programs" from a computer, the SEC said.

  "According to O'Hara's handwritten notes ... one of them told Madoff, `I won't lie any longer. Next time, I say 'ask Frank,'" the SEC said.   Frank DiPascali, Madoff's former finance chief, is cooperating after pleading guilty in August to helping Madoff carry out his fraud.

  Madoff, 71, was sentenced in June to 150 years in prison for orchestrating a decades-long Ponzi scheme in which investors are paid with other investors' money rather than actual profits on their investment. The scheme destroyed thousands of people's life savings and wrecked charities.

  The Associated Press has contributed to the report.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
Comments
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
British football fans spineless to unleash World War Three in Russia during World Cup
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
British football fans spineless to unleash World War Three in Russia during World Cup
Beautiful and terrifying: Russia shows video of Bulava ICBM underwater salvo launch
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin wants foreign invaders out of Syria
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
What may happen to foreign tourists traveling for 2018 World Cup in Russia
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian special services detain Hizb ut-Tahrir members in Crimea
Russian special services detain Hizb ut-Tahrir members in Crimea
Foreign Ministry official explains why Russia had to sell Alaska to US
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Just Words on Scraps of Paper
Just Words on Scraps of Paper
SWIFT refuses to cut Russia off, even if Washington insists