FBI takes Peter Madoff into custody in NYC
NEW YORK — The younger brother of Bernard Madoff, who became an icon for financial crime after the economy collapsed in 2008, is poised to plead guilty to criminal charges and take his place in history alongside the sibling with whom he shared an office for decades.
Peter Madoff, 66, was taken into custody at his lawyer's Manhattan office around 7 a.m. EDT Friday, according to FBI spokesman J. Peter Donald. The procedure was a prelude to a court appearance scheduled a few hours later.
The plea was to take place at same Manhattan courthouse where his now 74-year-old brother was taken away in handcuffs after he was condemned to 150 years in prison in 2009 for cheating thousands of people of billions of dollars. They are the only Madoff family members to face criminal charges.
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