Bernie's accountant, according to the government, helped.
So, why doesn't ABC or the stuff out of my TV mention that makes Madoff's Ponzi Scheme a criminal conspiracy?
Madoff Accountant Surrenders, Charged with Fraud
David Friehling Charged with Securities Fraud and Filing False Statements to the SECBy MADDY SAUER and AARON KATERSKY
March 18, 2009—
The longtime accountant for admitted super scammer Bernie Madoff has become the second person charged in the financial scandal. Prosecutors say David Friehling surrendered Wednesday and is charged with six counts of securities fraud, investment adviser fraud, and for filing false statements with the SEC.
Prosecutors have not charged him with knowing about the $50 billion Ponzi scheme, in fact Friehing himself had an account with Madoff valued at over $500,000, according to the complaint, but prosecutors say that the accountant deceived investors by falsely certifying that he had audited the financial statements of Madoff's investment firm.
"Mr. Friehling's deception helped foster the illusion that Mr. Madoff legitimately invested his clients money," said acting United States Attorney Lev Dassin, of the Southern District of New York where the charges were filed.
Friehling appeared in a Manhattan courtroom Wednesday afternoon and was released on a $2.5 million dollar bond secured by four properties belonging to him and his wife, his father and his sister in law.
Friehling was brought on as the accountant for Madoff's firm back in the early 1990s and was paid between $12,000 and $14,500 a month since 2004, according to the complaint.
SNIP...
The FBI Assistant Director in Charge said Wednesday that Friehling did not fulfill his fiduciary responsibility to investors, nor his legal responsibility to the SEC.
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http://www.abcnews.go.com/Blotter/WallStreet/story?id=7111260&page=1 Explain.
The number zero doesn't add up.
Anymore examples?