Madoff's Programmers Indicted 147
jason8 writes with news that two programmers who worked at Bernie Madoff's investment firm have now been indicted on charges of 'conspiracy, falsifying records of a broker-dealer and falsifying records of an investment adviser,' for their role in hiding the firm's activities (PDF) from the SEC and external accountants. Quoting Reuters:
"O'Hara and Perez, employed at the firm from 1990 and 1991, respectively, were primarily responsible for developing and maintaining computer programs in the investment advisory unit at the center of the fraud. Many of the programs were run on an IBM server known as 'House 17,' according to court documents. Prosecutors said the men took hush money to help keep the fraud going and designed codes to make up fake trade blotters and phantom records. US prosecutors said the two men worked under the supervision of Madoff and his top aide, Frank DiPascali, to deceive the US Securities and Exchange Commission and a European accounting firm. DiPascali is cooperating with prosecutors, who said his information led to the arrests of the programmers and the now defunct firm's outside accountant."
Insert "scheme" joke here. Or "chroot jail"... (Score:5, Funny)
Insert "scheme" joke here. Or "chroot jail", "execution protection", "dropping privileges",...
Re:So what? (Score:2, Funny)
So, it's off to federal "pound me in the ass" prison for those guys...
Re:Insert "scheme" joke here. Or "chroot jail"... (Score:1, Funny)
...or at least a joke about back orifice attacks.
Re:Would be interesting... (Score:5, Funny)
They got to wear Hawaiian shirts on casual Friday.
Re:I guess the moral of the story is to have moral (Score:4, Funny)
"How about testing the imaginary scenario of us making billions of off fake trades? We'll have a little fun with it, haha."
"Hah, you're such a kidder, Bernie."
Re:I guess the moral of the story is to have moral (Score:2, Funny)
I mean, imagine if you worked on a popular OS and my boss told me to put a back-door in, saying the NSA required it of us. what would you do? :)
I would contact the RCMP and CSIS immediately!
Re:I guess the moral of the story is to have moral (Score:3, Funny)
I mean, imagine if you worked on a popular OS and my boss told me to put a back-door in, saying the NSA required it of us. what would you do? :)
Put a back-door in the back-door. What else is there to do?