“Jury Says 5 Madoff Employees Knowingly Aided Swindle of Clients’ Billions”
“The government also accused two computer programmers, Jerome O’Hara and George Perez, of helping sustain the $17 billion Ponzi scheme by knowingly creating computer programs that could create fake trades and records.”[ii]
1. Explain what roles O’Hara and Perez played in the Bernie Madoff Ponzi scheme.
2. Was the punishment of the courts, if any, reasonable under the circumstances?
1. Both of them are involved in money laundering,securities fraud to create fake records and trades and cheating investors by falsifying books and records and supporting bernie madoff.
2. Yes the punishment of the court is reasonable under the circumstances as they have cheated investors by knowingly creating software which create fake trades and records.Charges for money laundering,trust fraud,security fraud and doing conspiracy to cheat are applicable on them.
“Jury Says 5 Madoff Employees Knowingly Aided Swindle of Clients’ Billions” “The government also accused two computer pr...
“Jury Says 5 Madoff Employees Knowingly Aided Swindle of Clients’ Billions” “The government also accused two computer programmers, Jerome O’Hara and George Perez, of helping sustain the $17 billion Ponzi scheme by knowingly creating computer programs that could create fake trades and records.”[ii] 1. Explain what roles O’Hara and Perez played in the Bernie Madoff Ponzi scheme. 2. Was the punishment of the courts, if any, reasonable under the circumstances?