Peter Madoff sentenced to 10-years behind bars for his role in brother’s Ponzi scheme

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Peter Madoff will serve 10 y ears in prison for his role in his older brother’s multibillion-dollar Ponzi scheme, a U.S. judge said Thursday.

Peter Madoff, 67, pleaded guilty in June to criminal charges including conspiracy to commit securities fraud for falsifying the books and records of the investment advisory company founded by his brother, Bernard Madoff.

He agreed at the time not to oppose a request by prosecutors for a maximum 10-year prison sentence and agreed to an order requiring him to forfeit a symbolic $143.1 billion. U.S. District Court Judge Laura Taylor Swain approved the sentence on Thursday. Click below for full story - 

 IMAGE: GETTY