Prosecutors have charged Bernard Madoff's longtime accountant with securities fraud, WCBSTV reports.
David G. Friehling, the accountant for Bernard L. Madoff Investment Securities surrendered Wednesday morning on a criminal complaint charging him with securities fraud, aiding and abetting investment adviser fraud, and four counts of filing false audit reports with the SEC.
Friehlig, 49, faces a statutory maximum sentence of 105 years in prison. He will be presented later today before United States Magistrate Judge in Manhattan federal court.
Meanwhile, the government said earlier this week it will seek the $7 million Manhattan penthouse as well as another $62 million that Ruth Madoff had sought to keep. Bernard Madoff, 70, pleaded guilty last week to securities fraud and perjury, among other charges. Madoff's lawyers had indicated earlier that they planned to claim Ruth Madoff was entitled to keep as much as $69 million in assets.
They said the assets were not part of Madoff's fraud and that they were in her name. The document detailing Madoff's assets was contained in papers his lawyers filed Friday in an effort to get him freed on bail. The document shows the Madoffs owned four real estate properties worth $22 million and had $17 million in cash and a $7 million yacht, among other assets.
(Moshe Altusky - YWN)
http://www.theyeshivaworld.com/article.php?p=31912
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