Bernie Madoff Brother Sentenced to Ten Years in Prison
Judge found his claims of not knowing about his brother's Ponzi scheme not believable
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.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?