Another Bernard Madoff associate is making headlines. Yesterday, said CNN, David G. Friehling, 49, Madoff’s “long-time accountant” pleaded guilty and agreed to a nine-count plea. The admission included securities and investment advisor fraud, making false filing with the Securities and Exchange Commission (SEC), and tax law violations, said CNN.
“I am truly sorry for the suffering of all my victims,” Friehling told the court, quoted CNN, which noted the accountant’s family lost about a-half million dollars with the disgraced financier. Friehling argued that he “committed these crimes as an independent auditor,” not as part of Madoff’s historic and massive Ponzi scheme, said CNN. (more…)

