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 What are the cons of the Federal Deposit Insurance Corporation (FDIC)?
i have to write a few pros and cons (mostly cons) of the FDIC, but i cant find anything on the web... sooo... yeah......

 Will the premiums be the same?
For groups of health insurance of equally everything except one with a person with pre-existing condition of diabetes. Will health condition of this individual effect the rest of the group?...

 Does every call to Direct Line get recorded and can i ask for a copy?
I believe that Direct line have made a mistake with my insurance and wondered if my conversation with them had been recorded. If it has, can I get a copy of the transcript for an impending court case?...

 Which insurance company gives the best rates in Alberta, Canada?
Let me know what you have discovered for best company to get insurance from.

I have checked: Aviva...my current provider, Millenium Insurance (the worse one so far), TD - Meloche Monnex ...

 Would my new insurance cover our pregnancy 7 months in?
Currently me and my wife are on MVP healthcare with a high deductable of 5,000 to 7,000....which we just swithed to from a no deductable mvp helathcare plan because of my boss paying for it and it ...

 No hours No unemployment?
My employer lays me off almost three times a month.
Every time I get laid off I have to wait a week till I get another paycheck.

This means that I almost get paid twice a month but ...

 How to decide the sum assured of a mediclaim?
While buying a mediclaim policy, how does one decide the sum assured amount? In the case of a family floater mediclaim, how to decide different amounts of sum assured for different members of a ...

 i'm a non rated driver on my parents policy, am i covered?
i'm 23 years old i was in accident on friday on my mom's car. i lost control of the car and popped the two tires along with some other damages. anyhow, for credit reasons the vehicle is ...

 what is term life insurance?
what do they mean by 10 -15 year term life ...

 if you drive you car into a tree and die can ur family still collect life insurance?

Madoff’s accountant surrenders

In the latest twist surrounding Bernard Madoff, his longtime accountant surrendered to authorities Wednesday charged with six counts of securities fraud, investment adviser fraud, and for filing false statements with the SEC.

The accountant, David G. Friehling, 49, who became Mr. Madoff’s primary auditor in the early 1990s when his father-in-law retired and he took over the two-man firm of Friehling & Horowitz, faces a statutory maximum sentence of 105 years in prison.

“Mr Friehling is charged with crimes that represent a serious breach of the investing public’s trust,” said Mr Dassin.

“Although Mr Friehling is not charged with knowledge of the Madoff Ponzi scheme, he is charged with deceiving investors by falsely certifying that he audited the financial statements of the Madoff business.”

Court Complaint Against Madoff Accountant David Friehling

Madoff told last week’s court hearing that he was “deeply sorry and ashamed” for his actions, which he said had started in the early 1990s.

“I cannot adequately express how sorry I am for what I have done,” he said.

Investigators reiterated again today that their investigation is continuing, despite their arrest of Friehling. Madoff’s sons and wife Ruth were all put on guard earlier this week when prosecutors made it clear they intend to seize money and assets from the entire Madoff family. Neither son, nor Ruth, has been ruled out by investigators as possible accomplices in the scheme, though Madoff continues to insist he worked alone.

Court filings last week estimated Madoff’s personal worth at $823 million. Investigators have recovered nearly $1 billion in cash and securities from the company which is still far away from the estimated $50 to $65 billion which investigators estimated Madoff to have scammed out of investors.

Image by red-carlisle under Creative Commons.

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