Madoff’s Accountant Pleads Guilty in Manhattan Federal Court
Bernard Madoff’s accountant- David G. Friehling - pleaded guilty yesterday in Manhattan Federal Court to a nine count superseding information. The Superseding information contained one count of securities fraud, one count of investment advisor fraud, four counts of filing false audit reports with the SEC and three counts of obstructing or impeding the administration of the internal revenue laws. Friehling –who is 49 years old-could be sentenced up to 114 years in prison. He could also be fined millions of dollars in addition to the $3,183,000 he agreed to forfeit. Friehling has also agreed to cooperate with the Government in its’ continued investigation into Madoff’s fraud. A sentencing control date was set for February 26, 2010 @ 11:00 a.m. Friehling is presently out on a 2.5 million dollar bond.
