Apparently the MSU method of accounting isn’t always the best of ideas after all
Madoff’s accountant, David Friehling, will probably plead guilty to various charges of Making Sh*t Up due to his fantasy audits of Madoff’s businesses. Prosecutors aren’t saying that he knew about the Ponzi scheme, but rather that he did virtually nothing but “rubber-stamp statements he didn’t verify.” He got paid, as I recall, $150,00 a year, which is comparative chump change.
Madoff played him like a violin, didn’t he? Chump. But now it seems he’ll be singing like a birdie.