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With plea, Madoff's brother will enter spotlight

June 29, 2012 • Business


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)

NEW YORK (AP) — Peter Madoff was the quiet one.

While Bernard Madoff was the face of the investment firm that attracted rich and famous clients with too-good-to-be-true returns, his younger brother kept firmly behind the scenes.

It stayed that way even after Bernard Madoff was arrested in 2008 on charges he orchestrated the largest Ponzi scheme in history. In his 2009 guilty plea, Bernie Madoff maintained that his brother had nothing to do with it — and for more than three years, his brother stuck to the script.

“Peter Madoff is not Bernard Madoff” is how Peter’s lawyers put it when defending him against harsh accusations leveled Login to read more

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