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You mean there were problems with the Madoff audit?

November 02, 2009

The man who vouched for the fairness of Bernard Madoff's financial statements is expected to plead guilty to securities and tax charges tomorrow:

In a letter filed in federal court in Manhattan, Assistant U.S. Attorneys Lisa Baroni and Marc Litt said that it is expected that David G. Friehling, 49, of upstate New City, will plead guilty Nov. 3 to charges of securities fraud, investment adviser fraud, making false statements to the Securities and Exchange Commission, and obstructing tax collection laws.

Apparently there was something wrong with the Madoff statements.