Madoff computer guys arrested

MadoffTwo computer programmers who worked for Bernie Madoff were arrested by the FBI for aiding in Madoff’s multi-billion dollar Ponzi fraud.  Law Professor Tamar Frankel, an authority in securities law, says the burden of proof is heavy, but the two should be brought to court anyway.

“Aiding and abetting in a fraud requires the knowing and intentional assistance to the fraud. The question will be the extent to which these programmers who helped Madoff in defrauding many investors were fully aware of his scheme and helped him promote it nonetheless.”

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

One Comment

SEO posted on November 15, 2009 at 12:39 am

People like this should be put away just like Madoff. They knew what was going on, and should pay for the consequences!

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