Former Bernard Madoff Accountant Pleads Guilty to Fraud
The longtime accountant of convicted swindler Bernard Madoff pleaded guilty Tuesday to multiple fraud charges in connection to Madoff's notorious, decades-long Ponzi scheme.
David G. Friehling, 49, agreed to a nine-count guilty plea that included securities fraud, investment advisor fraud, making false filing with the Securities and Exchange Commission and tax law violations.
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 he denied knowing about the underlying Ponzi scheme.
Friehling, at a hearing before U.S. District Judge Alvin K. Hellerstein in Manhattan, pleaded guilty to securities fraud, aiding or abetting investment-adviser fraud, three counts of obstructing or impeding the administration of Internal Revenue laws, and four counts of making false filings with the U.S. Securities and Exchange Commission.