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Brother of Bernard Madoff Arrested

Peter B. Madoff, who was arrested early Friday, pleaded guilty to criminal actions that enabled his brother, Bernard L. Madoff, to carry out the largest Ponzi scheme in history. While Peter Madoff, 66, acknowledged wrongdoing, he said in the hearing at the Federal District Court in Manhattan that he did not know of the fraud that wiped out about $65 billion in paper wealth.

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