Prosecutors said that Peter Madoff, the brother of convicted Ponzi scheme mastermind Bernard L. Madoff, will plead guilty on June 29 to two federal charges as part of the U.S. investigation of the fraud, Bloomberg News reported yesterday. Peter Madoff will admit to one count of conspiracy to commit securities fraud and one count of falsifying records and has agreed to forfeit $143.1 billion, a prosecutor said in a letter yesterday to U.S. District Judge Laura Taylor Swain. Peter Madoff was chief compliance officer at Bernard L. Madoff Investment Securities LLC. Bernard Madoff is serving 150 years in prison after pleading guilty to orchestrating the fraud that destroyed his New York-based firm, which collapsed in December 2008.
