Fraudster may have confessed to brother before he told his sons
(NEWSER) - Bernard Madoff's brother learned that the Madoff fund was a huge scam the evening before the fraudster confessed to his sons, but he failed to inform authorities, insiders tell the New York Times. Peter Madoff, who worked closely with his older brother for decades, has not been charged with any crime, but experts say he was obligated to tell regulators as soon as he was informed, as the sons did. Also among Bernard Madoff's victims, the New York Post reports: his own sister. More»
