NEW YORK, June 29 (UPI) -- Peter Madoff Friday pleaded guilty in New York federal court to his role in his older brother Bernard's $65 billion Ponzi scheme, officials said.
"I am here today to plead guilty to conspiracy for which I am deeply ashamed and sorry," he told federal Judge Laura Taylor Swain, who set bail at $5 million, with $1 million cash, the New York Post reported.