Peter Madoff was a co-consiprator with his brother Bernard Madoff, of the world's largest financial crime in history. The younger brother of infamous financier and Ponzi swindler Bernard Madoff was released from federal custody on Thursday after serving about nine years of a 10-year sentence. Those crimes helped Bernie Madoff swindle investors out of billions of dollars in one of the most high-profile Ponzi schemes in U.S. history. “When I sentenced Mr. Madoff in 2009, it was fully my intent that he live out the rest of his life in prison. “I was not persuaded; I did not believe that Mr. Madoff was deserving of that hope,” he added.

Source: The Standard August 15, 2020 05:03 UTC