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Court: Bernard Madoff's brother to plead guilty

Court: Bernard Madoff's brother to plead guilty

The brother of Ponzi scheme king Bernard Madoff 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.
Court papers signed by a federal judge in Manhattan on Wednesday show Peter Madoff will plead guilty. Madoff also agreed to the criminal forfeiture of $143.1 billion, including all of his real and personal property.
Madoff agrees to serve 10 years in prison.


Updated : 2021-06-21 23:27 GMT+08:00