Madoff IT workers indicted

Last updated 12:13 18/03/2010

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Two former employees accused of helping fraudulent Wall Street financier Bernard Madoff program an old computer to generate false records have been indicted.

Wednesday's indictment accuses computer programmers Jerome O'Hara and George Perez of conspiracy, falsifying records of a broker dealer and falsifying records of an investment adviser.

The men originally were charged in a criminal complaint before the case was presented to a federal grand jury, which returned the indictment.

O'Hara and Perez remain free on US$1 million ($1.4 million) bail.

Telephone messages left with their lawyers Wednesday haven't been returned.

The 71-year-old Madoff is serving a 150-year sentence after admitting his multi-decade Ponzi scheme cost thousands of investors billions of dollars

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- AP