David's Office in NY

David Friehling, Auditor for Madoff

David Friehling, 49, was arrested last week (Wed. March 19th) for assisting Madoff in his scandal of defrauding over $50 Billion from approximately 4,800 investors. Here’s the load down. David worked out of a tiny office (13 by 18 foot office) located in Rockland County, New York. He’s a Cornell Alum so you know he’s not stupid just really smart &  unfortunately greedy. Friehling is the first person to be arrested since the Madoff scandal broke three months ago.  David’s arrest is the first of a series that more is sure to come.  We now know David pulled down at least $5.5 Million from some of Madoff’s investment accounts.  David was able to do this by first replacing Madoff’s name with Madoff’s wife’s name then later David put his own name on some of these investment accounts.  Not to mention his auditing and consulting fees ranged from $12K to $14K/month.  David’s partner, Jerome Horowitz, died last week from cancer.  So now David is the only one left at the firm to prosecute.  I’m curious if any of his attorney’s will be arrested, as they have some accountability of assisting Madoff in keeping his secrets.  I would love to hear your thoughts on what should happen to Madoff’s CPA.  Should he rot in jail for years and years?