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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.
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Each of 30 terror runnels cost $3 million to build.
Journalist Steven Sotloff, beheaded by the ISIS, secretly practiced his Judaism but hid it from his captors, according to a fellow kidnap victim who was among those freed. The ISIS posted a video Tuesday showing the execution of Sotloff, less than two weeks after it distributed a similar video of the beheading of journalist James […]
Two stray mortars landed near the border Tuesday evening in the Eastern Golan Heights.
Rockets and violence over diplomacy and passivity is the Palestinian Arab ruling style of choice, as reflected in a PCPSR poll.
The prosecutor says Masterson told police, “I didn’t want him to think I’m scared.”
Honey cake, gourmet honey, flavored honey, and honey as a recipe in chicken, and even fish, are all expected to contribute to soaring sales of honey this Rosh Hashanah and holiday season. Ironically, the US Department of Agriculture is conducting hearings to define honey or just how much honey is required to qualify for “pure […]
Abbas does not have to push agenda because he has the Obama administration is his spokesman.
The Islamic State (ISIS) has just released a video showing the beheading of another American journalist, Steven Sotloff, according to a monitoring group.
Yet another terrorist attack was averted today…
Cantor can thank his defeat to a Tea Party candidate for leading him to more lucrative and stable career.
Hamas won the war in political terms, but that won’t stop Kerry.
A farmer in the (legal) Tikkun Olan Cannabis farm near Tzfat. This is one of their greenhouses. The company is licensed by Israel’s Ministry of Health to grow, process and distribute the medicinal plant.
Israeli intelligence sparked a massive manhunt that foiled an Arab terror attack, caught two suspects and kept Israeli civilians safe.
BDS will be claim victory, but the truth is that a logistics would be a major factor if SodaStream leaves Maaleh Adumim.
Mixing the Haredi Lev Tahor cult with a bunch of fiercely religious Roman Catholics is a recipe for dynamite.
If Israel would just not exists, and if Jews would stop being Jewish, there would be no anti-Semitism in the world.
Netanyahu gets support from Congressmen on House Armed Services Committee
Nearly 200 Hollywood elite, including Sylvester Stallone and Seth Rogen, signed a statement condemning Hamas as its conflict with Israel continues.
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