Finance

Bernie Madoff’s brother, co-conspirator Peter Madoff released from federal custody

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Peter Madoff in 2002.

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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.

The Federal Bureau of Prisons confirmed in an email that Peter Madoff was released from home confinement on Aug. 13 after being transferred from the Federal Correctional Institution, Miami on Nov. 19, 2019.

A lawyer by training and Bernie Madoff’s former compliance director, Peter Madoff in 2012 pleaded guilty to one count of falsifying records and one count of conspiracy to commit securities fraud.

Those crimes helped Bernie Madoff swindle investors out of billions of dollars in one…



Source cnbc.com

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