Friday, October 30, 2009

Guilty Plea Expected from Madoff's Accountant reports that Bernard Madoff's former accountant will likely plead guilty on November 3rd to a variety of fraud and other charges in connection with largest Ponzi scheme ever to hit Wall Street, officials said Friday.

In a letter filed in federal court in Manhattan, Assistant U.S. Attorneys Lisa Baroni and Marc Litt said that it is expected that David G. Friehling, 49, of upstate New City, will plead guilty Nov. 3 to charges of securities fraud, investment adviser fraud, making false statements to the Securities and Exchange Commission, and obstructing tax collection laws.

Madoff accountant expected to plead guilty to securities fraud

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