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Wed Jun 27, 2012, 05:00 PM

Bernard Madoff's brother to plead guilty, U.S. says

June 27, 2012 (Reuters) Peter Madoff, the brother of Bernard Madoff and former chief compliance officer of the imprisoned swindler's firm, is expected to plead guilty to criminal charges of conspiracy and falsifying records, U.S. prosecutors said on Wednesday.

In a letter filed in Manhattan federal court, U.S. Attorney Preet Bharara said Madoff is expected to enter his plea on Friday, and agreed not to seek a sentence other than 10 years in prison.

Madoff also agreed to a criminal forfeiture of about $143.1 billion, including all real and personal property, the letter said.


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