A SECOND ACCOUNTANT INVOLVED IN MADOFF PONZI SCHEME INDICTED

When a Ponzi scheme implodes, many of the professionals involved in maintaining the fiction of a legitimate enterprise, or otherwise using their expertise to aid and abet the fraud, find themselves charged with their fraudster clients. Peter Konigsberg, a New York accountant, was arrested this week; he allegedly conspired to falsify records and statements, and was closely associated with Bernard Madoff's $17bn fraud. As an outside accountant, he also represented a number of Madoff investors. Another accountamt,  Madoff's auditor, has already pled guilty in his case.

He was reportedly the only no-Madoff family member to own any portion of the criminal enterprise's London office. Released on $2m bond, Konigsberg'a indictment is part of a larger case, involving several other Madoff conspirators.
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* Case No.: 10-cr-00228-LTS (SDNY)