5 0 m ▁contract ▁with ▁the ▁government - run ▁Ban co ▁de ▁la ▁N ación . ▁In ▁ 1 9 9 8 , ▁arrest ▁war r ants ▁were ▁issued ▁for ▁four ▁former ▁IBM ▁execut ives ▁and ▁Judge ▁Ang elo ▁B agn as co ▁charged ▁ten ▁people ▁with ▁cr imes , ▁including ▁a ▁former ▁president ▁of ▁Ban co ▁de ▁la ▁N ación ▁and ▁IBM - Ar gent ina ' s ▁former ▁CE O ▁and ▁former ▁CO O . ▁The ▁New ▁York ▁Times ▁noted ▁in ▁ 1 9 9 6 ▁that ▁six ▁months ▁after ▁the ▁initial ▁revel ations , ▁the ▁IBM ▁sc andal ▁was ▁" st ill ▁front ▁page ▁news ▁in ▁Argentina , ▁as ▁new ▁dis clos ures ▁emer ge ▁almost ▁week ly , ▁t ain ting ▁the ▁computer ▁giant ' s ▁reputation ▁for ▁hon esty ▁here ." ▁In ▁ 2 0 0 0 , ▁IBM ▁was ▁ordered ▁by ▁the ▁U . S . ▁Sec ur ities ▁and ▁Exchange ▁Commission ▁to ▁pay ▁a ▁civil ▁penalty ▁of ▁US $ 3 0 0 , 0 0 0 . ▁IBM ▁was ▁concurrent ly ▁involved ▁in ▁no ▁bid ▁contract s ▁awarded ▁by ▁Social ▁Security ▁Director ▁Arn al do ▁C is il ino , ▁which ▁later ▁resulted ▁in ▁the ▁latter ' s ▁ind ict ment ▁for ▁fra ud ▁in ▁ 1 9 9 8 . ▁ ▁Ar ms - ship ment ▁deal ▁and ▁other ▁Men em ▁sc and als ▁▁▁▁▁▁ ▁Men em ▁was ▁finally ▁arrested ▁in ▁ 2 0 0 1 ▁" for ▁his ▁alleg ed ▁role ▁in ▁an ▁illegal