Bernard Madoff’s brother, Peter, is the subject of a federal criminal investigation, his lawyer disclosed. The disclosure was made yesterday in court papers filed in a separate civil lawsuit Peter Madoff is involved in over losses by the charitable foundation of U.S. Senator Frank Lautenberg, the New York Post reports.
Peter Madoff was chief compliance officer at Bernard L. Madoff Investment Securities LLC, and has not been criminally charged in the matter to date. His attorney, Charles Spada, stated in the papers, however, that this status could change. “The USAO has informed us that Peter Madoff is a ‘subject’ of its criminal investigation,” he wrote.