Mr. Madoff, 66, agreed to serve 10 years in prison and forfeit all his assets. But in his guilty plea, he emphasized that at no time was he aware that his brother, Bernard, was orchestrating the largest Ponzi scheme in history.
NEW YORK — Peter Madoff will serve 10 years in prison for his role in his older brother’s multibillion-dollar Ponzi scheme, a U.S. judge said on Thursday.
Peter Madoff, 67, pleaded guilty in June to criminal charges including conspiracy to commit securities fraud for falsifying the books and records of the investment advisory company founded by his brother, Bernard Madoff.
I am deeply ashamed of my conduct. I accept full responsibility for my actions