icWales (Free subscription) | 11/04/2009
... what was the biggest mistake of my life, I put my trust with Bernard Madoff,” Friehling told Judge Alvin Hellerstein.Before he explained his crimes to the judge, he said he wanted to make clear: “At no time was I ever aware Bernard Madoff was engaged in a Ponzi scheme.”He said if he had known that investor money was not properly invested, he would not have poured his family’s savings,...
ireland.com (Free subscription) | 11/04/2009
... time was I aware that Mr Madoff was engaged in a Ponzi scheme," Friehling told US District Judge Alvin Hellerstein in Manhattan federal court during an hour-long plea proceeding. "I never had contact with investors and never acted as a feeder to investors."Madoff (71) is serving a 150-year prison sentence after pleading guilty to orchestrating the worldwide decades-long scheme of...
The Guardian (Free subscription) | 11/03/2009
... no time was I aware that Mr Madoff was engaged in a Ponzi scheme," Friehling, 49, told judge Alvin Hellerstein, who released him on a $2.5m (£1.5m) bail bond. Friehling pleaded guilty to two counts of fraud, four charges of making false filings to the US Securities and Exchange Commission and three counts of obstructing justice. He faces a notional maximum of 114 years...
CNNMoney.com (Free subscription) | 11/03/2009
... Ponzi scheme.With much of the money from Madoff's scandal still unaccounted for, District Judge Alvin Hellerstein advised Friehling that as part of the guilty plea, he must provide "any tangible evidence" requested by the U.S. attorney, the FBI, or the Internal Revenue Service in relation to the ongoing investigation into Madoff's finances.Federal prosecutors claim that Friehling's...
