EON

Since the Bernard Madoff scandal broke last year thousands of investors have seen their life savings and their livelihoods disappear overnight. This has sparked outrage and anger as to how Madoff was able to commit such a fraud over such a long period of time. As a result federal investigators have been looking for those people who have helped Madoff perform the different acts of fraud committed over the years. This has led to the arrest of George Perez and Jerome O’Hara last week. These two men shared the same office as Madoff and federal officials allege that the two were a major component that allowed the fraud to continue as long as it did. With their technical computer knowledge helping Madoff to create the fake statements that were sent out to investors who were a part of the scam.

What this shows is that the Madoff probe is only continuing to widen as regulators seeking out those people who helped Madoff commit the fraud for so long and are charging them as accomplices in this case. This is clearly a sign that many more arrests are likely to becoming within the next several weeks to months. As federal officials piece together how Madoff was able to conduct the fraud for so long.