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
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.
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
Could the $50 billion Bernard Madoff scandal turn out to have been a family affair? Close relatives of Bernard L. Madoff who held senior positions at his investment firm all say they had no inkling anything was amiss until he stunned them in December by saying that Bernard L. Madoff Investment Securities LLC was a Ponzi scheme.