"Madoff accountant charged, is first to be accused as accomplice" by Bloomberg News | March 19, 2009
NEW YORK - David Friehling, Bernard Madoff's accountant, was arrested and charged with securities fraud, the first accused accomplice to be named by authorities in connection with the money manager's $65 billion Ponzi scheme.
Friehling was sole proprietor of the Friehling & Horowitz accounting firm. The firm occupied a 550-square-foot space in New City, a northern suburb of New York City in Rockland County, and served as auditor to Bernard L. Madoff Investment Securities since 1991, prosecutors said.
Friehling, 49, is not accused of knowing about the scheme. Rather, he allegedly deceived investors by falsely certifying that he had audited the financial statements of Madoff's firm....
How could he NOT KNOW?
Keith Kelly, a Federal Bureau of Investigation agent, said in a criminal complaint that there's no sign Friehling conducted a meaningful audit of Madoff Securities. He didn't review material sources of firm revenue, examine a bank account through which billions of dollars of client funds flowed, or verify assets, liabilities, or purported stock purchases, Kelly said.
Peter Henning, a law professor at Wayne State University in Detroit, said in an interview that Friehling's arrest signals the government will prosecute Madoff workers even if they weren't expressly aware of the fraud.
"The government is saying he was an enabler that allowed Madoff to keep up the façade that he was running a legitimate operation," Henning said. Besides securities fraud, Friehling is charged with aiding and abetting investment adviser fraud and four counts of filing false audit reports with the SEC.
Separately, the SEC filed a civil suit against Friehling and his firm in federal court. The agency wants them to pay unspecified fines and forfeit "ill-gotten gains."--more--"
Here's what the Boston Globe won't tell you:
FOLLOW THE MONEY / MADOFF, MOSSAD, AIG AND 9/11
The Madoff investigation is very similar to the 9-11 investigation in that evidence of a larger conspiracy is being avoided and ignored. It is possible that the billions that Madoff stole, and is still unaccounted for, was being used to finance Israel’s vast global spy and sabotage network Mossad with connections to both AIG and quite possibly 9/11 itself: Allen L Roland
Talk about red flags! I always felt there was something fishy about the Madoff scandal as if the government was going to great lengths to portray this as a simple one man Ponzi scheme while avoiding the very real possibility of a major conspiracy.
Russian intelligence has weighed in on the Madoff scandal and reported today that ~ " Madoff was the chief financier for a vast Israeli spy and sabotage network ( Mossad ) set up by former Israeli Security Agency (Shin Bet) director Jacob Perry (Yaakov Peri) who ‘transformed’ himself into one of America’s most powerful businessman and led what FSB sources call the ñìåðòîíîñíàÿ øàòèÿ 7 ( English translation roughly means “Murderous/Fatal Gang of 7 ) which references the leaders of this American-Israeli cabal who besides Madoff and Perry include:
Henry Taub, Hungarian born American-Israeli who created the giant
Maurice Greenberg, American-Israeli who was the former chairman and CEO of American International Group (AIG), the World's 18th largest public company and its largest insurance and financial services corporation which has (so far) funneled over $180 billion in US taxpayer money directly to Israel.
Larry Silverstein, the American-Israeli billionaire who secured a lease for the World Trade Center buildings in New York on July 24, 2001, insured them for $3.55 billion spread among 24 different insurance companies, and after their destruction 2 months later on 9/11 collected $4.55 billion for Israel.
Mort Zuckerman, Canadian born American-Israeli billionaire who through his vast publishing empire has direct control over 70 percent of the news reported in the
Edouard de Rothschild, French born American-Israeli member of the all powerful European Rothschild Banking Empire and director of the Rothschild & Cie Banque reported by the FSB to hold nearly 80% of the wealth stolen by Israel from the United States Government and its citizens.
These reports further state that Madoff was ‘convicted’ in a ‘one of a kind’ designed trial in which his guilty plea kept all evidence against Israel’s betrayal of the United States from being entered into official American records as it was deemed by the Obama administration as ‘too incendiary’ for the American people to know about and would, most certainly, unleash an Israeli backlash many Russian Military Analysts state would leave ‘many US cities in ruin’. " http://fourwinds10.com/siterun_data/government/fraud/israel/news.php?q=1237329300
With that in mind, it most certainly seems to appear that the prosecution is playing along with Madoff to protect other conspirators involved in this massive fraud. If so, who are they and why are they being protected ?
Here's a clue ~ Madoff has long standing ties with two of Israel's largest banks ~ Bank Leumi and Israel Discount Bank ( IDB ) ~ which has a history of money laundering and illegal money transfers.
Jacob Ezra Merkin is a part owner of Bank Leumi and has funneled billions of dollars to Madoff's fund ~ suggesting that Madoff's scheme was, in reality, a massive theft being disguised as a Ponzi scheme. A theft that involved many high level Zionists.
If this is indeed the case ~ The Madoff fraud is a Zionist fund raising scheme in which billions of dollars have been not only been stolen but it would explain why they are still totally unaccounted for.
The missing link in this cover up would be a Zionist agent playing the role of the Government prosecutor and that is indeed the case with Lev L Dassen, U.S. Attorney ~ one of the insiders in the judicial game surrounding the possible false-flag terror attacks that changed America and brought U.S. troops into the Middle East on a permanent basis. http://www.bollyn.info/home/articles/911/another-massive-zionist-fraud-surfaces/
Once again, the Madoff scandal is a red flag which cannot be ignored and must be investigated. Just follow the money and it could be the key to opening a Pandora's Box of Israeli influence and the 9/11 cover up. Madoff is part of the Billionaires club which has wrought havoc on Wall Street and that includes AIG's CEO Edward M. Liddy. The AIG debacle is another red flag that demands a criminal investigation ~ not Obama administration stonewalling ~ for its derivative trading schemes involves trillions of dollars of debt which cannot possibly be paid and could well be the greatest financial scandal in US history.
Follow the money starting with Madoff's missing billions and let's fully open Pandora's box.
Allen L Roland http://blogs.salon.com/0002255/2009/03/18.html
--source--"
Also see: Madoff, Mossad and the AmeriKan MSM
Update:
I'm sorry; MSM is all over it:
NEW YORK - A federal Appeals Court considering whether Bernard Madoff should remain jailed pending sentencing grilled lawyers for both sides yesterday, noting to prosecutors that Madoff could have fled the country before his massive Ponzi scheme was uncovered.
He should consider himself lucky! He shoulda got this:
The judges were equally skeptical about arguments put forward by Madoff defense lawyer Ira Sorkin. One judge suggested Madoff was sneaky, noting that nearly all of his property was in his wife's name and that he had mailed jewelry to relatives and friends over the holidays even though he was under a court order not to move any assets.
Related: Madoff Breaks the Law Again
The three-judge panel of the 2d US Circuit Court of Appeals heard arguments for a half hour from Sorkin and Assistant US Attorney Marc Litt but did not immediately rule. Madoff was jailed at the Metropolitan Correctional Center last week after confessing to US District Judge Denny Chin that he had defrauded thousands of investors of billions of dollars for at least two decades.
--more--"
Pffft!
Yeah, that's some good investigative reporting, 'eh? And I pulled the blog stuff down in about 5 minutes.
