Peter Madoff Gets 10-Year Sentence for Role in Ponzi Scheme
Rick Maiman/Bloomberg News(NEW YORK) — Bernie Madoff’s younger brother was sentenced Thursday in New York to 10 years in prison for his role in the biggest-ever Ponzi scheme.Peter Madoff listened as victims of the fraud spoke in court about the damage…
Peter Madoff Pleads Guilty in Brother Bernie’s Scheme
Rick Maiman/Bloomberg News(NEW YORK) — Peter Madoff, the younger brother of Bernard Madoff, was has pleaded guilty to securities fraud related to his brother’s infamous Ponzi scheme and will serve 10 years in prison. “The Madoff investment empire, bui…
Bernie Madoff’s Brother to Plead Guilty
Rick Maiman/Bloomberg News(NEW YORK) — The brother of con man Bernie Madoff will plead guilty Friday morning to conspiracy to commit securities fraud and falsifying records for his alleged role in his brother’s multibillion-dollar Ponzi scheme, prosec…
Mets Owners Agree to Pay $162 Million to Madoff Victims
Mario Tama/Getty Images(NEW YORK) — The owners of the New York Mets agreed Monday to pay $162 million to settle claims that they willfully ignored the Ponzi scheme orchestrated by Bernie Madoff. “We believe that this is a fair and just settlement,” sa…
Judge Rules NY Mets Owe As Much As $83 Million To Madoff Victims
Marc Serota/Getty Images(PORT ST. LUCIE, Fla.) — A U.S. District Court Judge in Manhattan ruled Monday that Mets owners Fred and Jeff Wilpon along with Saul Katz and their partners in Sterling Equities must pay as much as $83.3 million to the trustee …