Madoff’s Accountant Pleads Not Guilty

Bernard Madoff was recently sentenced to 150 years in prison for committing the largest case of investment fraud ever perpetrated by a single person. However, his accountant, David Friehling, has maintained that he is innocent of any wrongdoing, despite the fact that he is the only other person besides Madoff to be charged in the multi-billion dollar fraud case.
 
The prosecution in the case has alleged that Friehling was responsible for verifying the transactions at Madoff’s fraudulent investment firm, but that he also failed to realize that Madoff was committing false transactions. This lack of oversight allowed Madoff to swindle millions …read more