Peter Madoff, the younger brother of imprisonsed Ponzi schemer Bernie Madoff, pleaded guilty to conspiracy Friday in a plea deal with federal investigators for his fraudulent work as chief compliance officer in his brother's company. Bernie is already serving a 150-year sentence for being the architect behind the mega-swindle. Under today's deal, Peter was sentenced to 10 years in prison, and will have to forfeit $143 billion — though that amount is largely symbolic of what could be traced to his involvement in the fraud, and not actually representative of what he'll be able to pay back.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 43 TV shows to watch in 2014
- The uncomfortable truth in The Giving Tree
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The U.S. government is actually trouncing Ebola. When will it get credit?
- The simple trick to making better decisions in every aspect of life
- The one thing the New Atheists get right about religion
- Why 2014 may be as good as it gets for the Republican Party
- Why America needs more billionaires
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- 5 baffling foreign-language versions of the Fresh Prince of Bel-Air theme song
Subscribe to the Week