FYI: Victims of Bernard Madoff’s $19 billion Ponzi scheme will start receiving checks on Friday totaling $464 million from the trustee who’s been unwinding the con man’s business for the last decade.
The payout to 880 customers of Madoff’s bogus securities business boosts total distributions in the case to more than $12 billion, or 66.6 percent of each allowed claim, trustee Irving Picard said in a statement. The checks range from $429 to $66 million, the trustee’s office said.
Regards,
Ted
https://www.fa-mag.com/news/madoff-s-victims-getting-another--464-million-as-payouts-mount-43447.html?print
