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
NEW YORK: Irwin Lipkin, one of Bernard Madoff's longest-serving employees, was sentenced to six months in prison on Wednesday for falsifying records that helped the imprisoned fraudster carry out his multibillion-dollar Ponzi scheme. The sentencing before U.S. District Judge Laura Taylor Swain in Manhattan marked the end of the criminal prosecutions stemming from the fraud, more than six years after Madoff's arrest sent shockwaves through Wall Street. Lipkin, 77, was the Madoff firm's controller from 1964 to 1998.
Some victims lost their life savings. Prosecutors seek a 150-year sentence for the mastermind of the multibillion-dollar Ponzi scheme, but some experts say even a life term in prison is no certainty.
Peter Moskowitz's retirement was marred forever when he lost his life savings to Bernard L.
NEW YORK (Reuters) - The FBI said on Friday it had arrested Peter Madoff, the younger brother of swindler Bernard Madoff, who is serving a 150-year prison sentence for his multibillion-dollar Ponzi scheme.