Saturday, 25 April 2015
Last updated 18 hours ago
Dec 29 2008 | 3:22am ET
One investigation of Bernard Madoff’s alleged $50 billion Ponzi scheme has come to a premature end. The Rockland County, N.Y., district attorney has ended his probe into Madoff’s auditor to avoid a “duplication” of the federal effort.
“Following our discussion with the U.S. Attorney’s Office, it’s apparent our efforts would be a duplication of theirs,” Thomas Zugibe told Bloomberg News. “We’re satisfied the federal government is properly exploring Mr. Friehling’s involvement.”
Mr. Friehling is David Friehling, the sole partner of Friehling & Horowitz, the accounting firm that signed off on Madoff’s books. The firm, which operates out of a storefront in the Rockland hamlet of New City, N.Y., has been the subject of much interest in the wake of Madoff’s arrest earlier this month. The firm—cited by some would-be Madoff investors as a red flag that helped convince them not to invest with Bernard L. Madoff Investment Securities—approved Madoff’s Oct. 31, 2006, statement of financial condition, even though it has told the American Institute of Certified Public Accountants that it has not conducted audits for 15 years.
Last week, the firm’s 550-square-foot office 30 miles north of New York City had a “for rent” sign on the door, Bloomberg News reports.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…