Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: The Ox who wrote (4037)	12/12/2008 3:42:38 PM
From: BWAC	of 5034

Madoff Securities’ Auditor Generated ‘Red Flags’ (Update1) Email \| Print \| A A A By David Glovin, Karen Freifeld and David Voreacos Dec. 12 (Bloomberg) -- Aksia LLC, an adviser to hedge fund investors, warned clients not to put their money with Bernard Madoff after learning of “red flags” at his company, including that its books were audited by a three-person accounting firm. Bernard L. Madoff Investment Securities LLC used Friehling & Horowitz, an auditor operating out of a 13-by-18 foot location in an office park in New York City’s northern suburbs. Madoff was charged by federal prosecutors yesterday with running what he said was a $50 billion Ponzi scheme. The auditor signed off on Madoff’s annual financial statement through Oct. 31, 2006, according to a copy obtained by Bloomberg News. bloomberg.com

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