Madoff Accountant Pleads Guilty, Faces 114 Years

Bernie Madoff's accountant says he's a lousy auditor but no criminal. Still, he pleaded guilty to a slew of fraud charges today that could land him in prison for 114 years when he's sentenced in February. While admitting that he failed to conduct independent audits and took the statements of Madoff employees at "face value," David Friehling insisted he never knew about Madoff's Ponzi scheme, notes the Wall Street Journal.
(More Bernard L. Madoff Investment Securities stories.)