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Inside the November 2009, David G. Friehling, Madoff’s accounting front side man and you will auditor, pleaded accountable so you can ties con, funding agent con, to make not true filings to your SEC, and obstructing the inner Money Provider. To your February a dozen, 2009, Madoff pleaded responsible so you can eleven government felonies, as well as securities con, cable ripoff, post ripoff, currency laundering, and then make not the case comments, perjury, theft out of an employee work for bundle, and you can and make not the case filings for the SEC. Erin Arvedlund, which in public questioned Madoff’s said funding results inside the 2001, reported that the true level of the fresh fraud you’ll never be identified, however, is actually probably between $12 and you may $20 billion. You to definitely difference in the brand new prices is a result of various methods from formula. Previous SEC President Harvey Pitt projected the actual online con in order to become between $ten and you may $17 billion.

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