Site Search  Search youth.cn
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
· A MESSAGE TO MENG HAORAN 赠孟浩然
Former Madoff accountant pleads guilty to fraud

Former accountant to giant Ponzi scheme mastermind Bernard Madoff pleaded guilty to fraud and other charges at a court hearing in New York on Tuesday.

David Friehling, a 49-year-old certified public accountant who served as Madoff's auditor from 1991 to 2008, pleaded guilty to securities fraud, aiding or abetting investment-adviser fraud, three counts of obstructing or impeding the administration of Internal Revenue laws, and four counts of making false filings with the U.S. Securities and Exchange Commission.

Friehling told the U.S. District Judge Alvin K. Hellerstein in Manhattan that he failed to conduct independent audits of Bernard L. Madoff Investment Securities LLC's financial statements. But he insisted that he knew nothing about Madoff's Ponzi scheme, citing his own 500,000-U.S.-dollar investment with Madoff as proof.

Friehling faces a maximum of 114 years in prison on the charges. He will be allowed to remain free on a 2.5 million-dollar bail pending sentencing, which is tentatively set for February.

Friehling is the third person to plead guilty to criminal charges in the Madoff case. Madoff himself was sentenced to 150 years in prison in June, and Frank DiPascali Jr., former chief financial officer of Madoff, pleaded guilty to criminal charges in August.
 
 

 
 
 Source : Xinhua  Editor: Ivy
Related:
· NYU claims $24 mln Madoff-related loss
· NYU claims $24 mln Madoff-related loss
· NYU claims $24 mln Madoff-related loss
· Indicted U.S. billionaire Stanford pleads not guilty to fraud charges
· Indicted U.S. billionaire Stanford pleads not guilty to fraud charges
· New watchdog to fight academic fraud
· UN envoy: Widespread fraud in Afghan elections
· Ponzi scheme mastermind Modoff likely to spend 150 years in prison
  在 线 查 词  
 
 
     



Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us