Madoff Accountant Pleads Guilty to 9 Counts

" David free -- pleading guilty to nine -- facing a max. Of 114 years for his role in this country's largest Ponzi scheme as appear that the federal courthouse in lower Manhattan. More on this developing story out of."

" That's right and what's he about this plea that was accepted mr. failing will be released on increased mail. But he's going to be providing evidence not only on his -- securities fraud. But also obstructing the IRS cities promised not only to. Name the individuals for whom he prepared tax returns but there's going to be key as the US attorney's office prepares charges against others involved in this crime remember only three people now. Have been charged and pled guilty or convicted of any crime in the Madoff -- Those people would be obviously Bernard Madoff he's in jail for the rest of his life you have frankly -- pled guilty he's in jail awaiting sentencing. He is going to be offering information about several people helped pull off the Ponzi -- And now you have David really who has pled guilty to the nine pounds and his promise to name names as well as provide evidence and information and testimony. Against others who need help she. Their taxes now mr. feeling in his statement to the court was very clear and made it clear that he had no knowledge. Of the Ponzi scheme in fact he told the judge he lost all of his investments he lost his whole family investments in children. Investments at his father's retirement. One other thing that is now publicly confirmed. Is that mr. freeway went to work for mister Madoff because his father in law's from -- which was the auditor for mister Madoff. Who introduced the wrong morally -- to Bernard Madoff well this has been now but it was stated again in court. Ruth Madoff Bernard Madoff wiped her father originally hired Jerome Horowitz. Back in 1963. So mr. Horowitz met mister Madoff in 63 worked for mr. Madoff. Up until the retired in 1998. And he brought in his son in law mr. railing in 1991. To the plot gets thicker as people would say. And BI US attorney prepares its cases. -- now not only frankly -- Dolly but also mr. failing the auditor. As they -- key evidence in key witnesses against those who have yet to be charged. Back to you. Adam thank you for that Adam Shapiro and."