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\b0 \uc0\u8232 \ Peter Madoff pleaded guilty Friday to criminal
charges, making him the first family member and eighth Madoff employee to plead guilty
in connection to a decade-long Ponzi scheme. {\field{\*\fldinst{HYPERLINK "http://www.cnbc.com/id/48012718"}}{\fldrslt
\cf3 \ul \ulc3 CNBC}} has more.\uc0\u8232 \u8232
\b \'93The 66-year-old arrested earlier this morning at his lawyer\'92s office in New York
City. He was then brought to the courthouse at around 8:30. This coming also three years
to the date his brother and former boss was sentenced to 150 years in prison.\'94
\b0 \'a0\uc0\u8232 \u8232 Peter Madoff\'92s older brother Bernie Madoff is in prison for
stealing $65 billion from his investors\'92 accounts. Peter Madoff served as the chief
compliance officer and senior managing director of his brother\'92s firm.\u8232 \u8232 He
pleaded guilty to falsifying records and conspiracy to commit securities fraud. {\field{\*\fldinst{HYPERLINK
"http://www.ny1.com/content/top_stories/163965/madoff-brother-to-take-plea-deal-in-ponzi-scheme"}}{\fldrslt \cf3 \ul \ulc3 New York 1}} reports \'97\'a0
Madoff\'92s plea deal calls for him to forfeit $143 billion and a 10-year prison sentence.\uc0\u8232
\u8232 {\field{\*\fldinst{HYPERLINK "http://online.wsj.com/article/SB10001424052702303649504577496490724563310.html"}}{\fldrslt \cf3 \ul \ulc3 The Wall Street Journal}} reports
\'97\'a0the sum is based on the size of the fraud, but Madoff won\'92t actually be able
to cough up that much money. It will allow the government to seize all his assets. The
Journal also reports, Madoff said in court...\uc0\u8232 \u8232
\b \'93...he didn't know about the scheme itself until his brother revealed it to him
in December 2008.\'94 \b0 \uc0\u8232 \u8232 Lawyer Jerry Reisman
represents 39 victims of Madoff\'92s scheme who lost a combined $150 million. He told
the {\field{\*\fldinst{HYPERLINK "http://www.nydailynews.com/new-york/peter-madoff-brother-ponzi-king-bernie-madoff-plead-guilty-role-65-billion-scam-article-1.1103448"}}{\fldrslt \cf3 \ul \ulc3 New York Daily News}} on Madoff\'92s
arrest that...\uc0\u8232 \u8232 \b \'93It\'92s about time... Hopefully they
can now have a family reunion.\'94 \b0 \
}