Madoff Accountant Friehling Arrested in Ponzi Scheme

Madoff Accountant Friehling has been arrested on charges related to Madoff Ponzi Scheme...

The accountant of jailed conman Bernard Madoff has been charged with various counts of fraud and false auditing.

David Friehling surrendered to authorities after being accused of securities fraud, aiding and abetting investment adviser fraud and filing false audit reports.

Madoff, 70, pleaded guilty last week to defrauding investors of as much as $65bn (£45bn) in the biggest Ponzi scheme in history.

news.sky.com... ?lpos=Business_Carousel_Region_2&lid=ARTICLE_15244283_Bernard_Madoff_Fraud%3A_Accountant_David_Friehling_Is_Charged_With_Aiding_Jailed_Conman

Friehling operated the Friehling & Horowitz accounting firm with his father-in-law, Jerome Horowitz, a former outside accountant for Madoff who retired in the 1990s and moved to Palm Beach Gardens, Florida. The firm operated out of a 550- square foot space in New City, a northern suburb of New York City in Rockland County. Friehling surrendered today in Manhattan federal court.

www.bloomberg.com...



[edit on 18-3-2009 by burntheships]

reply to post by burntheships


This is an example of why the U.S. Congress is useless in representing the People of The United States...

2:30 p.m. | Again, no answer: Representative Joe Donnelly of Indiana asks how long the S.E.C. knew there was a one-person accounting firm involved in Mr. Madoff’s operation. Ms. Thomsen said she couldn’t answer that question.

dealbook.blogs.nytimes.com...