Tag: Ponzi Scheme

Peter Madoff pleads guilty in NYC, blaming brother

By LARRY NEUMEISTER and TOM HAYS | Associated Press The younger brother of disgraced financier Bernard Madoff — the loyal No. 2 at an investment firm that fronted a multibillion-dollar Ponzi scheme — pleaded guilty Friday, agreeing to serve 10 years in prison and saying he was “in total shock” […]