Bernard Madoff's accountant, David Friehling, was arrested for aiding and abetting Madoff. Madoff pleaded guilty to defrauding investors in a massive Ponzi scheme. Friehling was arrested on Wednesday, March 18, 2009. Friehling, who surrendered, is charged with securities fraud, aiding and abetting investment adviser with fraud and filing false audit reports.NY Daily News: David Friehling, a Cpa for Bernard Madoff, Charged... (March 18, 2009)
Friehling inherited the Friehling & Horowitz accounting firm from his late father-in-law. If convicted, Friehling faces up to 105 years in prison.NY Daily News: David Friehling, a Cpa for Bernard Madoff, Charged... (March 18, 2009)
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Fast Facts
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Ran a New York City accounting firm
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Was responsible for auditing balance sheets, income statements and other financial reportsNY Daily News: David Friehling, a Cpa for Bernard Madoff, Charged... (March 18, 2009)
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Federal complaint states that Friehling failed to "examine a bank account through which billions of dollars of [Madoff] client funds flowed"NY Daily News: David Friehling, a Cpa for Bernard Madoff, Charged... (March 18, 2009)
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The founder of the auditing firm Friehling worked for died of cancer days before Friehling's arrestMSNBC: Madoff Accountant Charged with Fraud (March 18, 2009)
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Charges
Securities fraud, aiding and abetting investment adviser with fraud and filing false audit reportsNY Daily News: David Friehling, a Cpa for Bernard Madoff, Charged... (March 18, 2009)
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