Bernie Madoff Brother Sentenced to Ten Years in Prison
The brother of Bernard Madoff will head to prison in February, serving 10 years for doctoring financial books during his brother's epic multi-billion-dollar fraud.
The sentence for 67-year-old Peter Madoff was announced Thursday by federal Judge Laura Taylor Swain in Manhattan. She said she finds his claims that he knew nothing about the huge Ponzi scheme "frankly, not believable." Peter Madoff pleaded guilty in June to charges that he created false documents while he was chief compliance officer at his brother's firm.
Source: AP. Read full article. (link)
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