Peter Madoff gets 10 years behind bars

Bernie Madoff’s brother sentenced for his role in Ponzi scheme

Peter Madoff, Bernard Madoff’s younger brother, was sentenced to 10 years in prison for his role in his brother’s elaborate Ponzi scheme that bilked billions of dollars from unknowing investors.

In June, Peter, who is 67, pleaded guilty to conspiracy to commit securities fraud. He admitted to falsifying books and records of Bernie’s investment advisement company in an effort to cover up the scheme.


Cathleen Flahardy

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