David Friehling, the former auditor of convicted fraudster Bernard Madoff,
could cut a deal with US prosecutors.
A federal judge gave prosecutors the go-ahead to reach a possible settlement
with Friehling after he entered a not guilty plea last week to charges including
filing false reports,
Sunday Times reported.
Friehling allegedly signed off Madoff’s accounts year after year without
checking their accuracy.
But legal experts believe he is ready to cut a deal because he waived his
right to a grand jury hearing, known to be a sign that a defendant is willing to
negotiate with prosecutors.
US district judge Alvin Hellerstein agreed to convene the next hearing on 1
October, giving the prosecutors time to hammer out an accord with Friehling.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies