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So it IS a conspiracy, Bernie!

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 02:47 PM
Original message
So it IS a conspiracy, Bernie!
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 SEC


By 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.

CONTINUED...

http://www.abcnews.go.com/Blotter/WallStreet/story?id=7111260&page=1



Explain.

The number zero doesn't add up.

Anymore examples?
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LSparkle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 02:49 PM
Response to Original message
1. I thought I heard his wife used to be a BOOKKEEPER ...
"I call to the stand Mrs. Ruth Madoff ... "
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 02:55 PM
Response to Reply #1
2. I fell in love with a bookkeeper once...
...a beautiful librarian, Karenina.

Speaking of bautiful, Mrs. Madoff may find interesting the words of Catherine Austin Fitts:

"One of the things that is interesting about reading conspiracy theory is that much of what folks think is conspiracy is really many people acting in concert to make or protect their money."

The criminal part must come in when they fail to forewarn their Congressman about a situation.
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soothsayer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 11:09 PM
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3. 12 grand a month is pretty small potatoes for getting roped into this mess
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-19-09 08:23 AM
Response to Reply #3
4. The guy faces 105 years in prison.
Meanwhile, a little turd from Crawford Preston Hollow, responsible for the deaths of a million people, walks free.

And they're both connected. Through the War Party.
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