Wednesday, December 19, 2012

Madoff Brother A 'Victim,' Lawyer Says As Sentencing Looms




From finalternatives: Six months after admitting he aided his brother's massive Ponzi scheme, Peter Madoff is calling himself a victim of the $65 billion scam in a bid for consideration at sentencing.
Under a plea deal with prosecutors, the 67-year-old Madoff will receive 10 years in prison and will forfeit up to $143.1 billion. Madoff, who served as his brother's chief compliance officer, admitted to falsifying documents and evading taxes, but insisted that he had no knowledge of his brother's fraud until two days before Bernard Madoff was arrested four years ago.

Madoff is to be sentenced on Thursday....

http://www.finalternatives.com/node/22411

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