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U.S. prosecutors filed a court document on Wednesday that shows Bernard Madoff's former outside accountant, David Friehling, is expected to plead guilty to criminal charges.
The filing, signed by a federal prosecutor and Friehling's defense lawyer, indicates that the accountant plans to waive indictment and plead guilty. An indictment by a federal grand jury would be necessary if he were to contest the charges and go to trial.
"Please take notice that the United States Attorney's Office will file an information upon the defendant's waiver of indictment," the court papers said.
An information is an alternative charging document in lieu of an indictment, and is typically used when a defendant pleads guilty instead of going to trial.
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David Friehling, Madoff accountant |
Friehling's lawyer, Andrew Lankler, declined to comment.
Prosecutors filed criminal charges against Friehling in March, accusing him of fraud, aiding and abetting investment adviser fraud, and false audit reports.
Prosecutors contend that Friehling did not conduct proper audits of Madoff's investment operations, but he has not been accused of knowing about Madoff's vast Ponzi scheme.
Separately, the US Marshal Service met Wednesday with New York-area realtors for assistance with selling Madoff's former apartment, sources told CNBC.
Capital raised would be handed over to Madoff victims, sources said. The Madoff apartment was seized by the Marshals as part of a forfeiture agreement with prosecutors.
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