Reuters in New York
The Guardian, Thursday 20 December 2012 23.20 GMT
Peter Madoff will serve 10 years in prison for his role in his older brother's multibillion-dollar Ponzi fraud scheme, a US judge said on Thursday.
Peter Madoff, 67, pleaded guilty in June to criminal charges including conspiracy to commit securities fraud for falsifying the books and records of the investment advisory company founded by his brother, Bernard Madoff.
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 $143.1bn. US district court judge Laura Taylor Swain approved the sentence on Thursday.
"I am deeply ashamed of my conduct," Peter Madoff said at the sentencing. "I accept full responsibility for my actions."