Peter Madoff, Bernie Madoff's brother, to plead guilty to fraud conspiracy
Peter Madoff was the former chief compliance officer at the private investment arm of Bernard Madoff's business.
Court papers signed by a federal judge in Manhattan on Wednesday show Peter Madoff will plead guilty to conspiracy to commit securities fraud and other offenses including falsifying records.
Madoff agreed to the criminal forfeiture of $143 billion, including all of his real and personal property. He also agreed to serve 10 years in prison.
His attorney hasn't returned an email seeking comment.
Bernie Madoff pleaded guilty to fraud and is locked up in prison in Butner, N.C. after revealing in December 2008 that he cheated thousands of investors out of roughly $20 billion over years, using money from new investors to pay returns to existing clients.
- Report: Dogs removed from kidnap suspect Castro's home
- Meeting Jodi Arias: First impressions never lie, or do they?
- Cops: Hofstra student died in police-involved shooting
- Ariel Castro's lawyer says he'll plead not guilty
- Berlusconi "bunga bunga" parties detailed at Italian trial
- Arias jury hears of anguish from murder victim's family
- 17-year-old charged with murdering two Ohio brothers
- 'Kai the hatchet-wielding hitchhiker' arrested
- Defense lawyer: Jodi Arias will speak "about who she is"
- Hofstra Univ. student, suspect killed in home invasion
- Creighton Univ. professor, wife, found slain in Omaha home
- Boy, 12, appears in court in sister's fatal stabbing
- Jodi Arias Trial: Jury weighs "cruelty" factor
- Cops: N.M. mom chased her daughter's abductor for 7 miles
- Wife guilty of murder for pushing husband out window
- Jodi Arias' lawyers tried to quit, judge wouldn't let them