Tuesday, 3 November 2009

Madoff Jewish Accountant Pleads Guilty To Fraud

David Friehling, the former accountant to convicted Ponzi-scheme operator Bernard Madoff, pleaded guilty to fraud and other charges Tuesday in connection with his auditing work for Madoff's firm, but denied knowing about the underlying Ponzi scheme.

Mr. Friehling pleaded guilty to securities fraud, aiding or abetting investment advisor fraud, three counts of obstructing or impeding the administration of Internal Revenue laws, and four counts of making false filings with the Securities and Exchange Commission at a hearing before U.S. District Judge Alvin K. Hellerstein in Manhattan.

Mr. Friehling, 49 years old, admitted that he failed to conduct ... Wall St Journal

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