The accountant who helped conceal Bernard Madoff's record-breaking Ponzi scheme pleaded guilty Tuesday, admitting in Manhattan federal court that he rubber-stamped financial statements used to deceive regulators and investors. David G. Friehling entered guilty pleas to single counts of securities fraud and investment adviser fraud, four counts of making false filings with the Securities and Exchange Commission and three counts of obstructing or impeding administration of the Internal Revenue laws.
Madoff's Accountant Acknowledges Guilt, Casts Himself as Victim
New York Law Journal
November 4, 2009