Tag Archives: Ponzi scheme

Mariano Andrade – Daily Telegraph – Bernie Madoff’s Brother Peter Faces 10-Year Jail Term For Role In The Ponzi Scheme – 1 July 2012

PETER Madoff, brother of shamed US financier Bernard Madoff, has pleaded guilty to helping cook the books of the world’s biggest Ponzi scheme, and faces a 10-year jail term.

“I apologise to the people I hurt and to my family,” Madoff, 66, told a packed Manhattan court after confessing to tax fraud and falsifying documents on behalf of his brother, who is already in jail.

Read the whole story : http://www.dailytelegraph.com.au link to original article

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