Bernard Madoff's Brother Learns Fate At NY Court - 47 ABC - Delmarva's Choice

Bernard Madoff's Brother Learns Fate At NY Court

Posted: Updated:

NEW YORK (AP) - The sentencing of Bernard Madoff's brother for crimes committed in the shadow of his notorious sibling has begun in a New York court. Peter Madoff awaited the formal announcement of his sentence in federal court in Manhattan on Thursday.

It was only going to occur after several victims address the judge. The 67-year-old Madoff pleaded guilty in June to conspiracy and falsifying books and records, agreeing to serve 10 years in prison.

His brother is already serving a 150-year prison term after admitting his multi-billion-dollar fraud in December 2008.Peter Madoff says he didn't know his brother was operating a giant Ponzi scheme until his brother told him about it a few days before he surrendered.

The former chief compliance officer at Bernard Madoff's private investment business admitted he fabricated documents.

 

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Local NewsDelmarva HeadlinesMore>>

  • MD Flags Flown Half-Staff To Honor 2

    MD Flags Flown Half-Staff To Honor 2

    Thursday, April 24 2014 3:33 PM EDT2014-04-24 19:33:48 GMT
    ANNAPOLIS, Md. (AP) - Maryland's flag is flying at half-staff over the State House and at all Maryland Department of Natural Resources facilities to honor a former Maryland Department of Natural ResourcesMore >>
    ANNAPOLIS, Md. (AP) - Maryland's flag is flying at half-staff over the State House and at all Maryland Department of Natural Resources facilities to honor a former Maryland Department of Natural ResourcesMore >>
  • Information Sought On Somerset Co. Daytime Burglaries

    Information Sought On Somerset Co. Daytime Burglaries

    Thursday, April 24 2014 3:25 PM EDT2014-04-24 19:25:56 GMT
    SOMERSET CO., Md. - Police say they are investigating a series of day time burglaries in Somerset County. Maryland State Police - Princess Anne, say they have been looking into numerous residential dayMore >>
    SOMERSET CO., Md. - Police say they are investigating a series of day time burglaries in Somerset County.More >>
  • Fire On Main Street In Berlin Under Investigation

    Fire On Main Street In Berlin Under Investigation

    Thursday, April 24 2014 1:17 PM EDT2014-04-24 17:17:48 GMT
    BERLIN, Md. - A fire in Downtown Berlin, is under investigation. Officials say the blaze started just after 12:00 PM on Thursday, at SiCuli on Main Street, in a chimney and the wall connected to it. ItMore >>
    BERLIN, Md. - A fire in Downtown Berlin, is under investigation. Officials say the blaze started just after 12:00 PM on Thursday, at SiCuli on Main Street, in a chimney and the wall connected to it.More >>
  • ContestsMore>>

  • Spring Gas Giveaway

    Spring Gas Giveaway

    Let WMDT fill up your tank! It's time for our Spring Gas Giveaway! More >>
    Enter for your chance to win a $100 Exxon/Mobil Gas Card!More >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.