Madoff's "Auditor" Pleads Guilty

David Friehling, who was in charge of auditing Bernard Madoff's billion dollar "business"/Ponzi scheme from a little accounting office in a Rockland County strip mall, pleaded guilty to securities fraud charges for not verifying Bernard Madoff's trades and assets. The 49-year-old said, "At no time was I ever aware Bernard Madoff was engaged in a Ponzi scheme," and said his own family's savings (and kids' college funds)—which is also an SEC violation— were put into Madoff's scheme, while also admitting he took Madoff's records "at face value."