Sean King

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Knoxville, Tennessee, United States

Saturday, December 20, 2008

Madoff's CPA Not Up To Snuff

Bonnie Goldstein: Investigators for the Securities and Exchange Commission, the FBI, and the Securities Investor Protection Corporation will surely have a few questions for the company's accountant, Friehling & Horowitz—a small tax-preparation firm located in a shopping center in tiny New City, N.Y.—about the $1.3 billion in assets that David Friehling signed off on in December 2006. At least one hedge-fund adviser, Aksia LLC, had last year warned clients that Friehling & Horowitz, which had only "three employees, of [whom] one was 78 years old and living in Florida [and] one was a secretary," seemed a peculiar choice given "the scope of Madoff's activities."


Ya think?!

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