NEW YORK — Bernard Madoff’s longtime auditor pleaded guilty to securities fraud charges today, saying he failed to do his job to verify the disgraced money manager’s financial records but did not know Madoff was running history’s biggest Ponzi scheme.

David Friehling, 49, entered the plea in U.S. District Court in Manhattan, apologizing to the thousands of victims who lost billions of dollars while he audited Madoff’s financial records between 1991 and 2008. The plea was part of a cooperation deal with prosecutors.

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TexasHouston

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Let's see here. He's an auditor. His job was to audit. That means he MUST independently verify assets and bank balances. He didn't. Therefore he contributed to this fraud just as much, if not more so, then Madoff. Then he admits to filing false tax returns. Pardon, but if I were in his shoes, I would've asked "Hey Bernie, you have plenty of money -- why cheat the government and risk anything?"
Put this guy away and let him bunk with Bernie. They can repent together.

 

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