Bernard Madoff’s younger brother Peter Madoff told a judge he was a victim of the multibillion- dollar fraud at their former firm and asked to be allowed to attend his granddaughter’s bat mitzvah in January before he goes to prison. Peter Madoff, 67, who worked for Bernard L. Madoff Investment Securities LLC four decades, pleaded guilty in June to helping his brother pull off the biggest Ponzi scheme in history. As part of an agreement with prosecutors, Peter Madoff agreed not to seek less than the maximum 10-year prison term allowed by law and to forfeit his assets up to $143 billion. He asked the court to let him attend the bat mitzvah before his prison term begins. “In some respects this case constitutes a personal tragedy for an otherwise decent and compassionate man,” Peter Madoff’s lawyer, John R. Wing, said in a letter to the sentencing judge, U.S. District Judge Laura Taylor Swain in Manhattan. “Although a clear beneficiary of his older brother’s largess, he was also a victim of his brother’s Ponzi scheme.” More on Bloomberg here.
