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Madoff Accountant Faces 105 Years for Fraud

He signed off on false books for years: feds

By Ambreen Ali,  Newser User

Posted Mar 18, 2009 12:26 PM CDT

(Newser) – Bernard Madoff's longtime accountant has been arrested and charged with securities fraud in the $64 billion Ponzi scheme, the New York Post reports. David Friehling, 49, is accused of helping Madoff dupe his investors and the Securities and Exchange Commission by filing fake audits. Friehling allegedly received $186,000 annually for signing off on the shoddy bookkeeping; he faces 105 years in prison.

Bernard Madoff arrives at Manhattan federal court last week.
Bernard Madoff arrives at Manhattan federal court last week.   (AP Photo)
The New City, NY, office of Friehling & Horowitz, where David Friehling is an accountant. He faces federal fraud charges that carry prison time of up to 105 years in the Bernard Madoff scandal.
The New City, NY, office of Friehling & Horowitz, where David Friehling is an accountant. He faces federal fraud charges that carry prison time of up to 105 years in the Bernard Madoff scandal.   (AP Photo)
Bernard Madoff arrives at Manhattan federal court last week.
Bernard Madoff arrives at Manhattan federal court last week.   (AP Photo)
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COMMENTS
Showing 3 of 3 comments
oldgoat
Mar 19, 2009 8:20 AM CDT
I would think that the accountant would be a good way to find out where the money went and knew about it. Plea bargain time?
ClingingToHope
Mar 18, 2009 6:07 AM CDT
I would think that he qualifies to be a new Obama staffer.
Doctor-Zaius
Mar 18, 2009 5:35 AM CDT
Some people can be bought cheap. $186,000 a year vs 105 years in the slammer.

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