Bernard L. Madoff’s accountant, David G. Friehling, agreed to waive an indictment, a move that result in him pleading guilty in an investigation into the multibillion-dollar fraud, reports The New York Times.
Prosecutors in New York filed a notice of intent to charge Friehling—meaning Friehling agreed with prosecutors and evidence against him will not be presented to a grand jury.
Friehling was arrested for securities fraud in March. He is accused of lying to investors by certifying that he had audited the financial statement’s of Madoff’s firm. Friehling has not entered a formal response to the government’s allegations.