New York, NY – Prosecutors: Madoff’s Brother Deserves Decade In Jail

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    FILE -  Peter Madoff (L) is driven to Federal Court after being arrested by FBI agents in New York, New York, 29 June 2012.  EPANew York, NY Prosecutors say the brother of convicted Ponzi-swindler Bernard Madoff deserves to spend 10 years in prison for his role in his brother’s crimes.

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    In a sentencing brief filed late Thursday, prosecutors said the decade that Peter Madoff agreed to serve when he pleaded guilty earlier this year was appropriate. The sentencing is scheduled to take place in Manhattan federal court next Thursday.

    The 66-year-old Peter Madoff claimed at his June plea to conspiracy and falsifying records charges that he was a victim of his brother. The government says at least one victim among thousands harmed by the $20 billion fraud wants to speak at the sentencing.

    Bernard Madoff is serving 150 years in prison after pleading guilty to fraud charges. Lawyers for Peter Madoff did not immediately comment.


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    3 Comments
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    11 years ago

    Never mind Peter Madoff; why did the government allow Madoff’s wife to keep $2,000,000? Wouldn’t $1,000,000 have been enough for her to live on? Most people get along with a lot less than that!

    11 years ago

    he didn’t have a chance in court because he’s jewish.
    That’s what the comments on the articles say, so why not here?
    Hmm………