Wednesday, March 18, 2009

 

Madoff accountant charged

The former accountant of disgraced financier Bernard Madoff has been arrested and charged with aiding a decades-long, massive Ponzi scheme run by Mr. Madoff.

David G. Friehling, the sole practitioner at Friehling & Horowitz, CPAs, PC, has been charged with securities fraud, aiding and abetting investment adviser fraud and four counts of filing false audit reports with the Securities and Exchange Commission.

Mr. Friehling, 49 years old, faces up to 105 years in prison on all of the charges. He is expected to be presented before a federal magistrate judge in Manhattan later Wednesday...

WSJ: Madoff accountant charged

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