The auditors of digraced fraudster Bernard Madoff have will have permanent
injunctions placed against them after admitting to a partial judgement in a US
court.
The US financial regulator, the Securities and Exchange Commission said
Madoff’s auditor, Friehling and Friehling & Horowitz, would not fight claims
they “enabled Madoff’s fraud by falsely stating they audited the convicted
fraudster’s financial statements”
The SEC claimed Friehling and F&H enabled Madoff’s Ponzi scheme by
falsely stating, in annual audit reports, that F&H audited Bernard L. Madoff
Investment Securities LLC’s financial statements pursuant to standards.
Read the full SEC
statement:MADOFF
AUDITORS CONSENT TO PARTIAL JUDGMENT IMPOSING PERMANENT INJUNCTIONS