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FBI arrests brother of financial villain Madoff

 FILE- In this April 3, 2009 file photo, Peter Madoff exits State Supreme Court in Mineola, N.Y. The brother of Ponzi scheme king Bernard Madoff will ...
 FILE - In this April 3, 2009 file photo, Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola S...

Madoff Plea

FILE- In this April 3, 2009 file photo, Peter Madoff exits State Supreme Court in Mineola, N.Y. The brother of Ponzi scheme king Bernard Madoff will ...

Madoff Plea

FILE - In this April 3, 2009 file photo, Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola S...

The FBI has taken Bernard Madoff's brother, Peter, into custody as a federal judge prepares to accept his guilty plea to criminal charges in a massive fraud scheme.
FBI spokesman J. Peter Donald says Madoff was arrested at his lawyer's office Friday morning.
Madoff is scheduled to enter a plea to conspiracy and falsifying records. The government told a judge that he has agreed to serve 10 years in prison and relinquish his fortune.
The plea by the 66-year-old chief compliance officer at the Madoff investment business comes three years after his brother admitted to mammoth fraud.
Bernard Madoff is serving a 150-year prison term. He has insisted he carried out his fraud alone for decades, cheating thousands of people of billions of dollars.


Updated : 2021-08-04 08:32 GMT+08:00