eter 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.
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