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Published: Mon, 2 Nov 2009
Description: FBN's Adam Shapiro on whether David Friehling will implicate others in the Ponzi scheme as part of his deal.
Automatically Generated Transcript (may not be 100% accurate)
" India Monday without a Bernie Madoff update now would it has long time accountant David freewheeling. Is expected to plead guilty this week for his involvement in the largest Ponzi scheme in history Adam Shapiro here now with more on -- freely --"
" That's right now remember David freely he's never been implicated directly with mister Madoff Ponzi scheme he has been implicated because. He was supposed to be doing the auditing mr. made outside investment arm and of course he was not doing the auditing. He has been charged with seven different counts and he is expected. To plead guilty tomorrow as part of a deal with the US attorney's office. Plead guilty tomorrow to those charges which include securities fraud and false filing. Now the question is is mr. freely offering up the names of mister Madoff associates. Who may have benefited from the Ponzi -- we should learn more tomorrow when mr. feeling -- guilty just as mr. deepest Ghali. Bernard Madoff number two. His right hand man. Who pled guilty then went on to say he was aware that others knew of this scheme. So things are starting to line up for the US prosecutor but again remember that as of right now only three people and only three people. Have been charged in any way criminally with the Madoff scheme Bernard Madoff. Mr. -- who pled guilty. And David -- who pled not guilty but we'll change that plea tomorrow. When he's expected to plead guilty that's the latest on what's happening with mr. -- we will be in court tomorrow and if he should drop a bombshell such as. Others. We'll let you know. When we look forward to back counselor thank you very much."
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