US SEC charges Peter Madoff with fraud

By REUTERS
June 29, 2012 21:35

 
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WASHINGTON - The US Securities and Exchange Commission charged Bernard Madoff's younger brother Peter Madoff on Friday with fraud, making false statements to regulators and falsifying books and records.

Earlier on Friday, Peter Madoff pleaded guilty to criminal charges that he helped advance Bernard Madoff's multibillion-dollar Ponzi scheme but denied knowing about the epic, decades-long fraud.

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