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$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says $4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says
$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,000 people worldwide for nearly 94 percent of their losses. The DOJ says  its 10th and final distribution from the Madoff Victim Fund (MVF), provided more than $131 million to over 23,000 victims. The latest distribution marks the culmination of a decade-long effort to recover and return forfeited funds tied to Madoff's fraudulent investment empire. Most victims, primarily small inv…

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by Joe Lombardi
Police & Fire
Boston Officer Guilty Of Overtime Fraud Scheme Avoids Jail But Must Pay Back Thousands Boston Officer Guilty Of Overtime Fraud Scheme Avoids Jail But Must Pay Back Thousands
Boston Officer Guilty Of Overtime Fraud Scheme Avoids Jail But Must Pay Back Thousands The sixth Boston police officer convicted in a long-running overtime fraud scheme that swindled thousands of dollars from taxpayers must repay more than $16,000 but won't serve jail time, authorities announced.  Michael Murphy, 64, of Hyde Park, was sentenced to two years of probation and must pay a $5,000 fine and $16,014 in restitution after he pleaded guilty last month to one count of conspiracy to commit fraud, the US Attorney for Massachusetts said.  Murphy and dozens of other officers were accused of filing false overtime slips from September 2016 until February 2019 for wor…

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by Josh Lanier