Imprisoned financier Bernard, horse's (Bernard Madoff) brother was sentenced to 10 years in prison, say to the judge, she didn't believe his story, he didn't know epic fraud shadow, his notorious brother crimes.
Peter McDonnell husband, 67 years old, has agreed to plea, he in June of the plot and fake books and records of the investment consulting fee service allows a maximum sentence. He followed his 74 - year - old brother, are served in 150 after imprisonment, admitted that he made so great a few decades ago, thousands of people lost about $2 billion fraud prison.
The United States district court judge Laura TaiLeSi wen called for Peter McDonnell husband to tell the truth, even now.
The judge said, Peter McDonnell husband, dressed in tailored charcoal suit, "frankly not credible", he said, in his plea, he only learned to fraud, his brother, he said in his surrender to the authorities.
Peter McDonnell husband made a brief speech on Thursday, than June so bad, he said: "I am my behavior, I feel ashamed, and tried to make amends recognition, and agreed to give up my present and the future of all assets.
He added: "I am very sorry, my failure let many people disappointed, including my family."
The two investors, including forty who wrote the victim impact statement, speak in the process of the proceedings, each description of financial ruin family.
Investors Michael t. DE d him, 62, also known as the truth, he said, he thought, "to carry out such a huge task all by myself a person in physics is impossible.
DE d he said, investors "has been four years, for others, and responsibility for this huge crime. We are still waiting for, today."
"All this can be prevented, if only one person is willing to do the right thing, and stop in its orbit years ago, Peter McDonnell husband was the one," he said.
Amy Lou in the nissen Andrew baum, 49 years old, choking up, sometimes complain that Peter McDonnell husband, his request also choose the "blind" view, her home is in foreclosure and some days, her struggle, to "wear warm support my child."
Nissen Andrew baum, Peter McDonnell husband say his brother's fraud for more than thirty years in prison, he should be the same time.
When swin announced that Peter McDonnell husband won't have to report to jail until February 6, nissen Andrew baum laughed loudly of hate. In the jail, delay report will let Peter McDonnell on January 19, he to his granddaughter bat adult ceremony. He got into the a BMW, he left the court.
The judge pointed out that ten years a maximum sentence allowed accused the horse he had PLED many times, and urged Douglas's investors reveal more about Douglas's business, to alleviate the pain.
"I challenge all you have done what you see everything, you are honest. In other words, all you know," she said.
She said, Douglas husband the damage of cannot be underestimated.
"In the financial institutions of trust, hundreds of thousands of individual life and many charitable organization has been blown apart," she said.
U.S. assistant attorney general lisa BaLuoNi said, it was very easy to Peter McDonnell husband blowing his whistle, and that if he even minimally to perform his duties. On the contrary, she said, he even with his brother to distribute the remaining $3 million in the accounts of the company, to family, friends and customers favor, former us federal bureau of investigation arrested his younger brother, over the plan.
Bernard Douglas's sentenced to four years, after a week, for the first time revealed fraud, happen before the nasdaq chairman established reputation, provides a unique investment performance, even in bad. "Revelation" a few days ago to send business report, so that investors think that their investment has grown to more than $6.5 billion total.
Peter McDonnell husband said, in his request, he does not know, his brother was a huge ponzi scheme, long-term investors pay off times, new investors' money.
"My family is the result of tear my brother's bad behavior," he said. "I was at the stranger and friends think I know ponzi scheme".
Peter McDonnell husband, from Fordham law school after graduation, in 1970 to join his brother's company, has been a free $50000 bail, he agreed to give up all assets.
Sentence before, his lawyer John rong said, in a memo, Peter Douglas was "almost certainly lived the rest of his days as unemployment pariah, or on the outside." He put in a call to him, he said, his brother, who is eight years old, is regarded as "the prince", his mother had been the victims of abuse, his loyalty, his younger brother.
Confiscation of part of the agreement, Douglas's wife, Marion and her daughter's XiaNa must give up almost all of the assets. The government says, these assets and other family members will be confiscated assets includes several family, ferrari and more than 10 million dollars in cash and stock. It says, his wife will leave us $771733. In addition to Douglas's brother, no other family members has been arrested.
Although he McDonnell chief compliance officer nearly forty years, government, marks the beginning of his plot, in 1996, when he created a false and misleading compliance documents and false securities and exchange commission (SEC) report.
Due to fraud by exposure, the court appointed trustee the agreement, restore to about $9.3 billion, and hope to find us $300 million dollars, eighteen months in the future. About 30 billion yuan, is already approved for use in redistribution to victims through continuous claim process.
In addition to his brother Peter McDonnell husband 6 have confessed, including former chief financial long, salary management manager, accountant, auditor and brokers.




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