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Bernie Madoff's Brother Gets 10 Years In Prison

Filed under: Super SeniorsLegal MattersFamily

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We guess he totally was his brother's keeper.

Bernie Madoff's brother Peter Madoff is scheduled to plead guilty in the criminal case resulting from the Ponzi scheme that escalated into a multibillion-dollar fraud.

Peter Madoff is the former chief compliance officer at the private investment arm of Bernard Madoff's business.

Peter's lawyer had argued he was totally unaware of his brother's ponzi scheme and this his wife had lost millions of dollars in the scheme herself.

Federal papers show however that Peter Madoff's signature is on a paper that reads he has plead guilty. If he is indeed pleading guilty then Peter Madoff will forfeit all personal and private property and will serve ten years in jail.

That is a loooooooooong time!!!

His brother Bernard Madoff pleaded guilty to fraud and is currently in jail and is serving a 150-year sentence.

Later guys. See ya when we see ya!

[Image via WENN.]

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