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Peter Madoff to Plead Guilty to Fraud in Brother’s Ponzi Scheme

Ponzi scheme mastermind Bernard L. Madoff’s brother Peter will plead guilty on June 29 to two federal charges as part of the U.S. investigation of fraud at the investment fund, prosecutors said.

Peter Madoff, 66, who was Bernard L. Madoff Investment Securities LLC’s chief compliance officer and senior managing director, will plead guilty to one count of conspiracy to commit securities fraud and one count of falsifying records, a prosecutor said in a letter yesterday to U.S. District Judge Laura Taylor Swain in New York.