Bernard Madoff’s younger brother is scheduled to face a U.S. judge on Thursday who will weigh whether to sentence him to 10 years in prison for his role in the multibillion-dollar Ponzi scheme. Peter Madoff, 67, pleaded guilty in June to criminal charges including conspiracy to commit securities fraud and for falsifying books and records of the investment advisory company founded by his brother. He agreed at the time not to oppose a request by prosecutors for a maximum 10-year prison sentence and agreed to an order requiring him to forfeit a symbolic $143 billion (90 billion pounds), guaranteeing a loss of all of his assets and income. More on Reuters here.
