Search results
Results from the WOW.Com Content Network
GE has been targeted with a report by the forensic accountant who exposed the Bernie Madoff scheme. Harry Markopolos says that GE's accounting is hiding a mountain of losses, which GE denies.
His involvement made the Madoff scheme by far the largest accounting fraud in history, dwarfing the $11 billion accounting fraud masterminded by Bernard Ebbers in the WorldCom scandal. Madoff's right-hand man and financial chief, Frank DiPascali , pleaded guilty to 10 federal charges in 2009 and (like Friehling) testified for the government at ...
Bernie Madoff. Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees.
David G. Friehling (born November 27, 1959 [1]) is an American accountant who was arrested and charged in March 2009 for his role in the Madoff investment scandal. [2] He subsequently pleaded guilty to rubber-stamping Bernard Madoff's filings with regulators rather than fully reviewing them.
In a new report accusing GE of fraud, the accountant who blew the whistle on Bernie Madoff said ... “The biggest clue that this is an Enronesque accounting fraud were the $53.5 billion in ...
In the course of Behar’s decade-and-a-half digging into Madoff’s crimes, he said he uncovered information that revealed that the fraud extended back toward the beginning of Madoff’s career ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
It wasn't enough for felonious Ponzi patriarch Bernard Madoff to bilk his clients of over $60 billion in assets. Now, the jailbird stock swindler is trash-talking about the very federal ...