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Madoff Victims Get Another $469 Million

TedTed
in The Bullpen
FYI: Victims of Bernie Madoff will receive an additional $469.6 million, bringing their total recovery from various sources to nearly 67% of their losses, the U.S. Attorney for the Southern District of New York announced Monday.

This is the fourth payment made to victims from the Madoff Victim Fund established by the Department of Justice to help repay victims of the largest Ponzi scheme in history. The scheme had 25,000 victims worldwide who thought they had lost everything. This will bring their recovery to 66.85% of their losses, the U.S. Attorney’s Office said.
Regards,
Ted
https://www.fa-mag.com/news/madoff-victims-get-another--469-million-50913.html?print
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