Peter Madoff pleads guilty in NYC, blames brother

(NEW YORK) — The younger brother of disgraced financier Bernard Madoff — the loyal No. 2 at an investment firm that fronted a multibillion-dollar Ponzi scheme — pleaded guilty Friday, agreeing to serve 10 years in prison and saying he was “in total shock” when he learned of the fraud.

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

Bernard Madoff's younger brother pleaded guilty Friday to federal charges that he helped cover up the biggest Ponzi scheme in history.

NEW YORK (Reuters) - The you