FBI arrests Peter Madoff in NYC
By TOM HAYS and LARRY NEUMEISTERBy TOM HAYS and LARRY NEUMEISTER, Associated Press?
?FILE - In this April 3, 2009 file photo, Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola State Supreme Court, in Mineola, N.Y. Madoff will plead guilty on Friday, June 29, 2012, to conspiracy and falsifying records, admitting his role in the multibillion-dollar fraud that destroyed the savings of thousands of investors, prosecutors told a judge on Wednesday, June 27, 2012. (AP Photo/Louis Lanzano, Pool, File)
FILE - In this April 3, 2009 file photo, Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola State Supreme Court, in Mineola, N.Y. Madoff will plead guilty on Friday, June 29, 2012, to conspiracy and falsifying records, admitting his role in the multibillion-dollar fraud that destroyed the savings of thousands of investors, prosecutors told a judge on Wednesday, June 27, 2012. (AP Photo/Louis Lanzano, Pool, File)
FILE- In this April 3, 2009 file photo, Peter Madoff exits State Supreme Court in Mineola, N.Y. The brother of Ponzi scheme king Bernard Madoff will plead guilty on Friday, June 29, 2012, to conspiracy and falsifying records, admitting his role in the multibillion-dollar fraud that destroyed the savings of thousands of investors, prosecutors told a judge on Wednesday, June 27, 2012. (AP Photo/ Louis Lanzano, File)
NEW YORK (AP) ? The FBI has taken Bernard Madoff's brother, Peter, into custody as a federal judge in New York prepares to accept his plea to criminal charges.
FBI spokesman J. Peter Donald says Madoff was arrested at his lawyer's Manhattan office around 7 a.m. EDT Friday.
Madoff is scheduled to enter a plea to conspiracy and falsifying records. The government told a judge that he has agreed to serve 10 years in prison and relinquish his fortune.
The plea by the 66-year-old chief compliance officer at the Madoff investment business comes three years after his brother admitted to mammoth fraud.
Bernard Madoff is serving a 150-year prison term. He has insisted he carried out his fraud alone for decades, cheating thousands of people of billions of dollars.
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