Bernard Madoff's Brother Gets 10-Year Sentence - 47 ABC - Delmarva's Choice

Bernard Madoff's Brother Gets 10-Year Sentence

Posted: Updated:

NEW YORK, Ny. - The brother of imprisoned financier Bernard Madoff has been sentenced in New York to 10 years in prison for crimes committed in the shadow of his notorious sibling.
    
Peter Madoff was sentenced Thursday after victims described their anguish at losing their life savings in the Ponzi scheme. The sentence was announced in a crowded Manhattan courtroom by Judge Laura Taylor Swain six months after Madoff pleaded guilty to conspiracy and falsifying books and records. He agreed then to serve 10 years in prison. It was four years ago this month that his brother revealed his multi-decade fraud that cheated thousands of investors out of their $20 billion investment. Bernard Madoff is serving a 150-year prison term.
    
Peter Madoff says he did not know of the fraud but committed other crimes.

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 This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Homeless Sex Offenders

    Homeless Sex Offenders

    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
  • Wicomico County Schools Issue Heat Advisory

    Wicomico County Schools Issue Heat Advisory

    Tuesday, September 2 2014 12:09 AM EDT2014-09-02 04:09:55 GMT
    WICOMICO CO., Md. - With the predicted return of hot weather this week, Wicomico County Public Schools are reminding Wicomico school families of theMore >>
    WICOMICO CO., Md. - With the predicted return of hot weather this week, Wicomico County Public Schools are reminding Wicomico school families of the excused absence option for students attending schoolsMore >>
  • Head-On Car Crash Kills 3 In Accomack

    Head-On Car Crash Kills 3 In Accomack

    Saturday, August 30 2014 11:39 PM EDT2014-08-31 03:39:26 GMT
    ACCOMACK COUNTY, Va. - A head-on collision has taken the lives of three after a drunk driver struck a car holding six people. The drunk driver, who was driving a van, has been arrested for DUI. The crashMore >>
    ACCOMACK COUNTY, Va. - A head-on collision has taken the lives of three after a drunk driver struck a car holding six people. The drunk driver, who was driving a van, has been arrested for DUI. The crashMore >>
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.