CNBC reports that US federal agents arrested Peter Madoff, 66, at about 7 am Friday. He was taken to the FBI office in Manhattan for processing prior to an 11 am court hearing.
He arrived at the FBI office in a gold Chevrolet Impala at about 7:12 am.
Peter Madoff served as compliance officer at his brother's firm. The arrest comes three years to the day after Bernie Madoff was sentenced to 150 years in prison for running the multibillion dollar Ponzi scheme that robbed hundreds of their life savings.
Hit the link below to access the complete CNBC article:
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