DealBook: Top Courts in U.S. and Britain Enter the Madoff Fray

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said Thursday.

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.

NEW YORK — The brother of Ponzi scheme king Bernard Madoff (MAY’-dawf) is scheduled to plead guilty in New York in the criminal case resulting from the multibillion-dollar fraud. Peter Madoff is the former chief compliance officer at the private investment arm of Bernard Madoff’s business.

As the first speed dial entry at Bernard Madoff's investment firm, a longtime money manager must have known of the multibillion-dollar Ponzi scheme, a court complaint claims.

Bernard Madoff, the swindler who orchestrated a multibillion dollar fraud, was attacked by another inmate at the federal prison where he is serving a 150-year sentence, the Wall Street Journal reported, citing three people familiar with the matter