web analytics
May 26, 2015 / 8 Sivan, 5775
At a Glance
News & Views
Sponsored Post


FBI Arrested Peter Madoff

By: JTA

Peter Madoff, the younger brother of jailed Ponzi scheme operator Bernard Madoff, has been taken into custody by the FBI.

Peter Madoff, 66, surrendered himself Friday morning at his lawyer’s office in midtown Manhattan ahead of an expected guilty plea to criminal charges related to the Ponzi scheme, according to the Wall Street Journal.

He is the eighth person to plead guilty to criminal charges in the government’s investigation into the collapse of Bernard L. Madoff Investment Securities since December 2008. Numerous Jewish foundations and individuals had invested with the firm. Among the victims were Hadassah, the American Jewish Congress and Nobel laureate Elie Wiesel.

The former chief compliance officer is expected to plead guilty to falsifying the records of an investment adviser, and conspiracy to commit securities fraud, make false filings and commit other crimes. He has agreed to serve 10-year-prison term and forfeit all of his assets, the Wall Street Journal reported.

Bernard Madoff is serving a 150-year sentence in a North Carolina federal prison for crimes associated with the Ponzi scheme.

Earlier this week former Madoff money manager J. Ezra Merkin agreed to turn over $405 million to duped investors in the scheme. That was the first settlement resulting from a government action against Merkin.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “FBI Arrested Peter Madoff”

Comments are closed.

Current Top Story
Music scene from 5,000-year-old seal found in northern Israel.
5,000-Year-Old Seal in Galilee May Depict First Known Music Scene
Latest News Stories
Music scene from 5,000-year-old seal found in northern Israel.

Woodstock was not so original, according to Israeli archaeologists.

Minister of Environmental Protection Gilad Erdan wants to keep Israeli electric supply at home to avoid summer blackouts, rather than export the juice to Gaza.

Erdan is set to be sworn in as the new Minister of Internal Security, Strategic Affairs and Advocacy.

Rabbi Riskin in an Efrat shul.

Effort to depose Rabbi Riskin are revenge against his positions and halachic decisions.

Former Israel Ambassador to the UN Dore Gold.

Appointing Gold, a strong right-winger, is a clear message to the Obama administration that Israel’s fed up with its illusions.

The Chief Rabbinate will invite Rabbi Riskin for a hearing on whether to extend his term, ostensibly because of his age but possibly because of his views on conversion.

Hareidi Jews dance as they celebrates the end of Jewish holiday of Shavuot at the Kotel in Jerusalem’s Old City on Sunday night (and that was after just 2 days, imagine how they danced in Galus after three!).

The terrorist organization also copied the Israeli phrase that Jerusalem always will be “undivided.”

Two cops who ordered a pizza vomited instead of getting high.

The terrorist organization’s “exposé” to a friendly Lebanese newspaper also is justification for the IDF to bomb human shields.

“You shall not take a bribe, for bribery blinds the eyes of the wise and perverts just words.” Deuteronomy 16:19

Actress and comedienne Meara Stiller died on Saturday at age 85.

Hezbollah terror chief Hassan Nasrallah is getting very scared of Islamic State’s advances.

Between June 2014 and April 2015, the suspects habitually hurled rocks and firebombs into a number of Jewish-owned homes and facilities in A-Tur.

Nobel Prize winner John Nash (86) and his wide Alicia Nash (82) were killed in a car crash on Saturday night in New Jersey.

More Articles from JTA

More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]

New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]

“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.

The Nazis nearly destroyed the 17th synagogue.

Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.

Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

Printed from: http://www.jewishpress.com/news/breaking-news/fbi-arrested-peter-madoff/2012/06/30/

Scan this QR code to visit this page online: