Madoff accountant pleads guilty to US federal judge

Source: Internet
Author: User
Keywords Scam Judge.
Tags accounting company exchange financial financial fraud financial situation local media
Madoff Xinhua New York, November 3, perennial financial giant cheat Madoff to provide accounting audit Services accountants David Friehlin 3rd to the federal judge pleaded guilty, but denied the Madoff "Ponzi scam" informed.  According to local media reports, criminal charges against Friehlin include securities fraud, aiding investment advisers in fraud, tax evasion and submitting forged documents to the Securities and Exchange Commission. Friehlin 3rd in Manhattan federal Court in New York to admit to the presiding judge that he was unable to conduct an independent audit of the Madoff company's financial situation, credulous by the Madoff himself or his company staff to provide financial statements.  However, he denied that Madoff's huge financial fraud informed, said he had invested 500,000 of dollars to Madoff's company, he is also one of the victims. The judge ruled that Friehlin could be released on bail after payment of 2.5 million dollars.  The trial is tentatively scheduled to take place next February, and if convicted, Friehlin will face a prison sentence of up to 114 years. The 49-Year-old Friehlin from 1991 to 2008 as Mr Madoff's principal accountant. As of last December, when Madoff's Ponzi scheme was exposed, Friehlin's accounting firm in the northern suburbs of New York had only 3 employees.  This contrasts with the huge business of Madoff's billions of or even billions of dollars, which had previously been suspected. Madoff's financial fraud cases involved amounted to 65 billion U.S. dollars, so far only Madoff, Friehlin and former chief financial officer Frank Dipascali 3 people were accused. Madoff pleaded guilty to the court in March of last year and was sentenced to 150 years in prison, DiPascali pleaded guilty to a federal court in August this year, admitting 10 counts of conspiracy to defraud, securities fraud, money laundering, perjury and tax evasion.
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