Bernard Madoff

Madoff Accountant Pleads Guilty To Fraud

Zachary Roth | November 3, 2009, 5:25PM

David Friehling

Bernie Madoff's former accountant has pleaded guilty to fraud in connection with his auditing of Madoff's operation. But David Friehling denied that he knew anything about the underlying massive Ponzi scheme, which Madoff has pleaded guilty to orchestrating.

Friehling admitted that he didn't independently audit Madoff's financial statements, saying he took Madoff's claims at "face value." But he said (sub. req.) he put his own and his family's money with Madoff. In what was "the biggest mistake of my life, I placed my trust in Bernard Madoff," he said.

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