This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/world-us-canada-18646624#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Madoff brother held over Ponzi scheme link | Madoff brother held over Ponzi scheme link |
| (41 minutes later) | |
| The brother of convicted Ponzi scheme swindler Bernard Madoff has been arrested on charges relating to the $65bn (£41bn) dollar fraud. | |
| Peter Madoff, 66, will enter a plea to the charges in court in Manhattan, New York, later on Friday. | Peter Madoff, 66, will enter a plea to the charges in court in Manhattan, New York, later on Friday. |
| Bernard Madoff's Ponzi scheme, which had been running since the early 1990s, deprived thousands of investors of their savings. | Bernard Madoff's Ponzi scheme, which had been running since the early 1990s, deprived thousands of investors of their savings. |
| He is serving a 150-year jail sentence after being convicted in 2009. | He is serving a 150-year jail sentence after being convicted in 2009. |
| The FBI took Peter Madoff into custody at his lawyer's office in New York, a spokesman said. | |
| The FBI released details of the charges against Mr Madoff earlier this week, alleging that he conspired to commit securities fraud and falsified financial records. | |
| The elder Madoff, now 79, has repeatedly denied that Peter Madoff had any involvement in the scheme, which saw some $20bn of investments disappear and a balance sheet of $65bn revealed to be sham. |