Bernard Madoff’s long-time accountant was arrested on Wednesday and charged with securities fraud and other crimes as US prosecutors widened their investigation into one of the biggest investment frauds in history. David Friehling, 49, faces up to 105 years in prison if convicted of the federal criminal charges, which accuse him of falsely certifying that he audited Madoff’s firm, aiding and abetting investment adviser fraud and filing false reports to the SEC.

This entry was posted by Gwen Robinson on Thursday, March 19th, 2009 at 4:37 and is filed under Hedge funds, People. Tagged with Bernard Madoff. Edit this entry.