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Peter Madoff Is Sentenced to 10 Years for His Role in Fraud

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Bernard L. Madoff's brother, Peter B. Madoff, was sentenced to 10 years in prison on Thursday for his role in enabling the extensive fraud that swindled investors out of billions of dollars. Peter Madoff who served as the senior lawyer and chief compliance officer at Bernard L. Madoff Investment Securities, is the second figure in the scandal to be sentenced, coming about four years after his older brother confessed and received a 150-year prison term.

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