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Bernard Madoff's brother gets 10-year sentence

Peter Madoff was "frankly, not believable" when he claimed he was as surprised as anyone to learn his brother had blown $20 billion of investor money in a massive Ponzi scheme that lasted for decades, a judge said as she sentenced him to 10 years in prison.Full story

Colorado Fires Turn Deadly

  The Colorado Springs fire is 25 percent contained, and Peter Madoff pleaded guilty to crimes that allowed his brother Bernie to run his ponzi scheme, reports CNBC's Brian Shactman. The Weather Channel's Chris Warren also reports on historic heat across...

Peter Madoff Appears in Court

  CNBC's Mary Thompson reports the latest details on the arrest and guilty plea from Peter Madoff, the brother of Ponzi schemer, Bernie Madoff.

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Peter Madoff, brother of Bernie Madoff, arrives at Federal Court in New York
Peter Madoff, brother of Bernie Madoff, arrives at Federal Court in New York

Peter Madoff, brother of Bernie Madoff, arrives at Federal Court in New York, December 20, 2012. Peter Madoff will serve 10 years in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. judge said Thursday. Peter Madoff, 67, pleaded guilty in June to criminal charges i

Peter Madoff arrirves at Manhattan federal court for his sentencing, Thursday, Dec. 20, 2012, in New York. Madoff, the former senior compliance officer at the Madoff private investment business and brother of Ponzi king Bernard Madoff, pleaded guilty to conspiracy and falsifying books and records of

Peter Madoff, brother of Bernard Madoff, arrives at the Federal Court in New York
Peter Madoff, brother of Bernard Madoff, arrives at the Federal Court in New York

Peter Madoff , brother of Bernard Madoff, arrives at the Federal Court in New York, December 20, 2012. Peter Madoff is scheduled to face a U.S. judge on Thursday who will weigh whether to sentence him to 10 years in prison for his role in the multibillion-dollar Ponzi scheme. REUTERS/Andrew Burton