Court: Bernard Madoff's Brother to Plead Guilty NEW YORK - The brother of Ponzi scheme king Bernard Madoff (MAY"-dawf) is scheduled to plead guilty in New York in the criminal case resulting from the multibillion-dollar fraud. Peter Madoff is the former chief compliance officer at the private investment arm of Bernard Madoff's business. MORE: Bernie Madoff - Top 10 Swindlers Court papers signed by a federal judge in Manhattan on Wednesday show Peter Madoff will plead guilty. Madoff also agreed to the criminal forfeiture of $143.1 billion, including all of his real and personal property. Madoff agrees to serve 10 years in prison. The court papers say he'll plead guilty to conspiracy to commit securities fraud and other offenses including falsifying records. His attorney hasn't returned an email seeking comment. Bernard Madoff pleaded guilty to fraud and is locked up in prison in Butner, N.C. By Larry Neumeister / Associated Press MORE: Bernie Madoff and Wife Ruth Attempted Suicide In "Impulsive" Move MORE: In Twin Wins, NY Mets Owners Close Madoff Deal, 240M in Stake Sales Related Topics: bernard madoff, Bernie Madoff, conspiracy, court, criminal, fraud, manhattan, peter madoff, Ponzi Scheme, Prison, securities fraud, Uncategorized, Wealth