David Friehling: Madoff Henchman #1

The Fraud Factory

The Fraud Factory

So, they got the accountant yesterday.  His name is David Friehling and he inherited an accounting business in New City from his father-in-law which he proceeded to turn into a gristmill for the Madoff fraud, falsifying SEC filings and auditing statements for $186,000 in fees a year.

Nice guy, wonder what’ll happen to him in prison?

From the New York Times:
David G. Friehling, who operated from a tiny storefront office in the New York City suburb of New City in Rockland County, was charged with securities fraud and with aiding the investment adviser fraud committed by Mr. Madoff. A related civil case was filed against him and his firm, Friehling & Horowitz, by the Securities and Exchange Commission.

Gets better:

Mr. Friehling, who surrendered at the federal courthouse in Manhattan on Wednesday morning and was released on bail in the afternoon, became Mr. Madoff’s primary auditor in the early 1990s when his father-in-law and partner, Jeremy Horowitz, retired and he took over the two-man firm.

But federal prosecutors and market regulators have consistently said that Mr. Madoff’s fraud began much earlier, at least by the 1980s. In that decade, the Madoff businesses were audited by Mr. Horowitz, who died at age 80 on March 12, the day Mr. Madoff pleaded guilty.

So according to the Feds, Bernie’s original accomplice, Jeremy Horowitz, who helped the Ponzi King get started in the 80’s may be slightly out of reach, so Friehling will have to do.

The question becomes, did Horowitz teach his son-in-law the game, or did Davey Boy pick up the scam naturally.  Another possibility is that he was indoctrinated into the scheme by the Sith Lord himself, Bernie Madoff.  That would’ve been a fun conversation to overhear at the Carnegie Deli.

Anyway, good luck Mr. Friehling, you’re gonna need it!  And Peter and Shana Madoff, compliance officers extraordinaire, you probably shouldn’t be making any plans.


Full Story: Madoff Accountant Charged (NYT)

What's been said:

Discussions found on the web
  1. handrblock commented on Nov 21

    Bernie, Frank DiPascali, David Friehling and friends will soon be partying 24/7 on the taxpayer dollar. Read this post by a recent former inmate at the same “camp” as Joe Nacchio is currently hanging out at on the grounds of the Federal Bureau of Prison’s Schuylkill FCI in Minersville, Pennsylvania:

    http://fprison.wordpress.com

    This is called “justice” in America.

  2. handrblock commented on Nov 21

    Bernie, Frank DiPascali, David Friehling and friends will soon be partying 24/7 on the taxpayer dollar. Read this post by a recent former inmate at the same “camp” as Joe Nacchio is currently hanging out at on the grounds of the Federal Bureau of Prison’s Schuylkill FCI in Minersville, Pennsylvania:

    http://fprison.wordpress.com

    This is called “justice” in America.

  3. replica copy commented on Sep 18

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  4. immediate edge scam commented on Sep 22

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  5. Bitcoin Evolution Review commented on Sep 23

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  6. cuanto sale 1 bitcoin en dolares commented on Sep 30

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  7. immediate edge reviews commented on Oct 01

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  8. immediate-edges.com commented on Oct 04

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  9. older dating commented on Oct 14

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  10. home selling agent commented on Oct 22

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  11. Vape juice commented on Oct 29

    … [Trackback]

    […] There you can find 37397 more Information to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  12. DevOps solutions commented on Dec 01

    … [Trackback]

    […] Here you can find 68906 more Info to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  13. scotiabank login online commented on Dec 03

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  14. wig for sale commented on Jan 14

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]

  15. Baumer GXM2S manuals commented on Jan 22

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2009/03/19/david-friehling-madoff-henchman-1/ […]