Peter Madoff Taken Into FBI Custody

Bernie's brother to plead guilty later today
Posted Jun 29, 2012 7:33 AM CDT
Peter Madoff Taken Into FBI Custody
In this April 3, 2009 file photo, Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola State Supreme Court, in Mineola, NY.   (AP Photo/Louis Lanzano, Pool, File)

The FBI took Bernie Madoff's brother into custody this morning, ahead of a scheduled court appearance in which Peter Madoff will plead guilty to two criminal charges. That appearance will take place at the same courthouse where Bernie was sentenced to 150 years in prison for his Ponzi scheme. Peter, 66, shared an office with his brother for decades—though for years both he and Bernie denied Peter had anything to do with the scheme—and he is the only other Madoff to face charges, the AP reports. He will go to prison for 10 years and surrender his assets.

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