Ponzi

Two More Madoff Arrests

Two more people have been arrested in the fallout of Bernie Madoff's Ponzi scheme and are being charged with conspiracy and falsifying books and records for the ex-financier. The two men allegedly created computer programs that helped Madoff hide evidence of the fraud, working with him from the 1990s on. "Jerome O'Hara and George Perez allegedly helped construct Bernie Madoff's house of cards," said an attorney for the case. Both men face up to 30 years in prison for their programs, which changed the names of account holders, created false reports and client statements, and created false documents to create the appearance of business transactions.