Peter Madoff Sentenced to 10 Years’ Prison

Lawfuel.com – Madoff Prosecution News –
Preet Bharara, the United States Attorney for the Southern District of New York, announced that PETER MADOFF, the former Chief Compliance Officer and Senior Managing Director of Bernard L. Madoff Investment Securities LLC (“BLMIS”), was sentenced today to 10 years in prison for crimes stemming from a two-count Superseding Information to which he pled guilty that charged him with, among other things, conspiracy to commit securities fraud, tax fraud, mail fraud, ERISA fraud and falsifying records of an investment adviser. The overt acts in the conspiracy count also included, among other things, making false statements to investors about BLMIS’s compliance program and the nature and scope of its Investment Advisory business. MADOFF pled guilty in June 2012. He was sentenced in Manhattan federal court by U.S. District Judge Laura Taylor Swain.

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