Federal prosecutors in New York indicted two former Bernard L. Madoff Investment Securities computer programmers Wednesday, alleging that the two facilitated the convicted swindler's colossal Ponzi scheme.
Jerome O'Hara, 47, and George Perez, 43, were indicted on three counts each: conspiracy, falsifying records of a broker-dealer, and falsifying records of an investment adviser.
Attorneys for both defendants said their clients intend to plead not guilty.
The two men face a maximum sentence of 30 years in prison if convicted.Â The indictment,Â handed down in U.S. District Court for the southern district of New York, contends that Madoff and his lieutenant, Frank DiPascali Jr., relied on computer programs "developed and maintained by the defendants â€¦ to carry out and conceal the fraudulent scheme."
The court document specifically alleges that, at Madoff's request, O'Hara
and Perez created programs meant to throw the U.S. Securities and Exchange
Commission and a European accounting firm off the scent of the fraud from 2003 to 2008.
O'Hara and Perez began working for Madoff in 1990 and 1991, respectively,Â according to prosecutors.