Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Ex-Madoff computer programmer gets 2-1/2 years prison for fraud
Source: Reuters
Ex-Madoff computer programmer gets 2-1/2 years prison for fraud
BY NATE RAYMOND
NEW YORK Wed Dec 10, 2014 4:29pm EST
(Reuters) - A former computer programmer for Bernard Madoff was sentenced to 2-1/2 years in prison on Wednesday for helping the imprisoned fraudster carry out his multibillion dollar Ponzi scheme.
The sentencing of George Perez, who worked at Madoff's firm from 1991 until its collapse in 2008, came nine months after a Manhattan federal jury found him guilty and a day before the sixth anniversary of Madoff's arrest.
U.S. District Judge Laura Taylor Swain also ordered Perez to forfeit a symbolic $19.7 billion jointly with other defendants who worked at Bernard L. Madoff Investment Securities LLC.
"He must be punished in a way that's severe and commensurate with his crimes," she said.
[font size=1]-snip-[/font]
BY NATE RAYMOND
NEW YORK Wed Dec 10, 2014 4:29pm EST
(Reuters) - A former computer programmer for Bernard Madoff was sentenced to 2-1/2 years in prison on Wednesday for helping the imprisoned fraudster carry out his multibillion dollar Ponzi scheme.
The sentencing of George Perez, who worked at Madoff's firm from 1991 until its collapse in 2008, came nine months after a Manhattan federal jury found him guilty and a day before the sixth anniversary of Madoff's arrest.
U.S. District Judge Laura Taylor Swain also ordered Perez to forfeit a symbolic $19.7 billion jointly with other defendants who worked at Bernard L. Madoff Investment Securities LLC.
"He must be punished in a way that's severe and commensurate with his crimes," she said.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/2014/12/10/us-madoff-workers-sentencing-idUSKBN0JO2BM20141210
