Peter Madoff Gets 10 Years In Prison For Role In Giant Fraud

Law360, New York (December 20, 2012, 7:09 PM EST) -- A New York federal judge on Thursday sentenced Peter Madoff, who helped run his brother Bernard Madoff's fraudulent investment company, to 10 years in prison and urged him to disclose everything he knows about how the historic crime was committed.

U.S. District Judge Laura Taylor Swain expressed doubt at Peter Madoff's contention that he was unaware of the multi-billion dollar, multi-decade Ponzi scheme until just before its collapse, calling the notion "not believable."

"I challenge you to be honest ... about all that you know," the...
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