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23 March 2017 03:58 (South Africa)

Madoff’s accountant: Qué? Know nothing!

Ok, it was a cutesy headline, but convicted fraudster Bernie Madoff’s accountant, David Friehling on Wednesday struck a barely believable pose: he pleaded guilty to securities fraud, investment adviser fraud, making false statements to the US financial watchdog , the Securities and Exchange Commission, and breaking tax laws. But yet, he was somehow unaware of the fact that his boss was running a Ponzi scheme. That puts him in an unenviable position: he is either lying through his teeth, or he was just a terribly bad accountant. He chose the latter option, for now. Who knows, he might change his mind should a good book deal come along. Read more: BBC News

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