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Fury as Peter Madoff is Allowed to Delay Prison Sentence for TWO MONTHS to Celebrate Granddaughter’s Bat Mitzvah

Peter Madoff showed some real chutzpah by  going to his daughter’s lavish bat mitzvah yesterday after his family pleaded  with a judge to delay his 10-year prison sentence.

The brother of shamed Ponzi-schemer Bernie  Madoff was pictured by the New York Post attending his granddaughter’s bat mitzvah at a posh  synagogue in Midtown Manhattan.

Peter was sentenced to join his brother in  prison on December 10, but because of desperate pleas from rabbis and family.

According to the New York Post, which  exclusively reported the details of the Madoff’s last hurrah, said that the  67-year-old grandfather was greatly enjoying himself and socialized with friends  and family eating bagels and lox.

Brazen: Brother of convicted Ponzi king Bernard Madoff, 67-year-old Peter Madoff, was sentenced to 10 years in prison on December 20 but was at his daughter’s bat mitzvah yesterday

The bat mitzvah, celebrating the traditional  Jewish coming of age, was for his granddaughter Rebecca Skoller.

Ms Skoller read passages from the Torah  during the ceremony, and then joined her grandfather and more than 100 guests  for food and fun.

Madoff pleaded guilty to his role in the  world’s biggest and most devastating Ponzi scheme on June 29, 2012, and was  sentenced to 10 years in prison on December 20.

In addition to his impending incarceration,  the 67-year-old agreed to forfeit up to $146billion of his assets. His older  brother is currently serving out a 150-year sentence.

Peter Madoff admitted to, among other things,  engaging in money transfers meant to avoid taxes, putting his wife on payroll  for a job she never worked, and committing wire and mail fraud.

Forbes reports  that Madoff has requested to do his time at Otisville Prison Camp, a medium  security prison that was named by the magazine was one of America’s top 10 ‘cushiest prisons.’

But before Madoff swears off suits for  prison-sanctioned sweats, he is expected to continue celebrating his  granddaughter’s coming-of-age at an event space in Midtown West.

The location, 404 NYC, offers thousands of  square feet for dancing and feasting. A source told the Post that a celebration  like a bat or bar mitzvah could cost upwards of $75,000.

Victims of the Madoff brothers were outraged  to hear that the convicted Ponzi schemer was still enjoying the good life while  many of them had lost their life savings.

‘I would much prefer that Peter Madoff be  locked up and the only way he can attend the bat mitzvah is through pictures  sent to him in prison,’ 62-year-old Michael DeVita told the Post. Mr DeVit was  one of thousands who lost his retirement assets to the scam.

At the time of his conviction, Peter Madoff  said that he was ‘deeply ashamed and terribly sorry’ but he didn’t know about  the scam until his brother revealed it in December 2008, in the heyday of the  housing crisis.

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Posted by on January 20, 2013. Filed under Jewish News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.