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Former Madoff Accountant Arrested

b_250_0_16777215_00_images_obgrabber_2013-09_7a02ef90b3.jpgStephen Chernin/Getty Images (NEW YORK) -- With the statute of limitations in the Bernie Madoff investigation soon to close, a longtime friend and accountant to Madoff was arrested on Thursday. Paul Konigsberg, 77, was arrested at his Greenwich, Conn., home and will appear in a Lower Manhattan federal court on Thursday afternoon.

Konigsberg -- charged with conspiracy, falsifying the books and records of a broker/dealer, falsifying the books and records of an investment advisor and making false statements in federal documents involving employee benefits -- would face up to 40 years in prison if convicted. The Wall Street Journal points out that he was not accused of having knowledge of the Ponzi scheme that he helped to cover up. His attorney has called him "an innocent victim of Bernie Madoff."

Madoff was arrested in December 2008 and is serving a 150-year prison sentence. The five-year statute of limitations is set to run out in just about three months.

Konigsberg is the 15th person charged in connection with Madoff's Ponzi scheme. Nine, including Madoff himself, have pleaded guilty to criminal charges, but only Madoff has admitted to knowledge of the scheme, says the Journal. By keeping false books, Konigsberg helped Madoff hide his fraud for decades.

Copyright 2013 ABC News Radio

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