Wall Street's liar horse (Bernard Madoff) brother won ten years in prison, he through his greed role, Douglas's crime plea agreement, and failed to stop them in the bargain on Thursday, the government told the judge.
Prosecutors said, in a brief, sentencing a ten years in prison he Peter McDonnell Douglas, 66, is the appropriate bad work as a chief compliance officer to his brother's investment business, it lost about $20 billion thousands of investors who think their money has been growth after worth more than $6.5 billion in the past decades. In Manhattan federal court sentence is scheduled for December twenty days.
The government says, it is important to a long prison term, will be sent to the news in a private company, they are the wrong information, if they think they are "according to radar", can avoid review or significant sentence has dissolved the horse's company "if they commit crimes.
Bernard, horse's (Bernard Madoff), in his more than 70 years old, in the December 2008 has revealed he cheated for many years, hundreds of thousands of investors use new investors pay will have repay, the existing customer money. He admitted that guilty of fraud and is serving 150 years in prison, the NC Butner
Peter McDonnell husband, since 1966, his brother has claimed he pleaded guilty in June plot and forge recorded his brother, he is a victim of the accused was shocked, study business is false.
"My world is destroyed," he said. "I have lost everything, my job."
Prosecutor wrote Peter McDonnell husband in the life of the every advantage successfully with a law degree, securities license and close family, but chose to give up work to pursue wealth, through the continuous crime."
The government says, he created a false report says, he company deals regularly review, he had not heard of, even in a meeting signed by changing the pen and ink color cover report, at the same time create a few weeks of fictitious trading comments.
"Regulators, investors and auditor rely on by Douglas husband in his false compliance report false statement," the prosecutor said.
They said to him, he led a group of about $50 million of huge fraud, to himself and his family in the past ten years, enjoy a life of luxury, including millions of dollars worth of family park avenue in Manhattan, in palm beach, Florida, and in the old Westbury.
The government says, at least a victim to ask for the floor, in Douglas's judgment and others complain in writing, which he did not disclose fraud.
The government points out, Douglas's sentencing simply said, it is not open application, do not admit his guilt to the influence of the victims.
About Douglas's lawyers had no immediate response of news comment on Thursday.



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