David Friehling, the auditor at the accounting firm that signed off Bernard
Madoff’s books, has been subpoenaed by investigators.
Friehling & Horowitz audited Madoff’s financial statements for decades,
according to press reports.
In the UK, Mark Byers, Andrew Hosking and Steve Akers, all partners at Grant
Thornton have been appointed joint provisional liquidators of Madoff Securities
The joint provisional liquidators will be assessing the assets and
liabilities of the company, and will be cooperating with the Financial Services
Authority in the UK and the various authorities in the United States.
Steve Akers said: ‘Our appointment has been effected with the full support
and cooperation of Lee Richards, a partner in the US law firm Richards Kibbe
& Orbe, the Receiver appointed in the United States.
‘We expect that we will need to take some time in assessing the affairs of
the company: however our initial objective will be to safeguard its assets. We
have begun our initial forensic investigation.’
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'