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Victim Compensation

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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
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Dozens Of Morris County Priests Accused Of Sexual Abuse, NJ Diocese Reveals Dozens Of Morris County Priests Accused Of Sexual Abuse, NJ Diocese Reveals
Dozens Of Morris County Priests Accused Of Sexual Abuse, NJ Diocese Reveals The Catholic Church in New Jersey on Wednesday released a list of allegedly abusive priests. Cardinal Joseph Tobin, the archbishop of Newark, in November announced there would be a "complete review" of abuse allegations and establishment of a victim compensation fund and counseling program. The list follows a two-year investigation that found more than 1,000 victims spanning 70 years -- along with evidence of a coverup by some church leaders (click here for the list of accused priests with Bergen County ties). Here are the accused priests with Morris County ties: Absalom Coutinho  …

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by Cecilia Levine
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Dozens Of Bergen County Priests Accused Of Sexual Abuse, NJ Diocese Reveals Dozens Of Bergen County Priests Accused Of Sexual Abuse, NJ Diocese Reveals
Dozens Of Bergen County Priests Accused Of Sexual Abuse, NJ Diocese Reveals The Catholic Church in New Jersey on Wednesday released a list of allegedly abusive priests. Cardinal Joseph Tobin, the archbishop of Newark, in November announced there would be a "complete review" of abuse allegations and establishment of a victim compensation fund and counseling program. The list follows a two-year investigation that found more than 1,000 victims spanning 70  years -- along with evidence of a coverup by some church leaders. The Paterson Diocese on Wednesday released its list of priests accused of sexual abuse but didn't identify their parishes. Click here for the …

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by Cecilia Levine
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Priests Revealed: NJ Diocese Gives 'Formal Voice' To Catholic Church Child Sex Abuse Victims Priests Revealed: NJ Diocese Gives 'Formal Voice' To Catholic Church Child Sex Abuse Victims
Priests Revealed: NJ Diocese Gives 'Formal Voice' To Catholic Church Child Sex Abuse Victims The Archbishop of Newark is hoping to give a voice to victims of sex abuse by clergymen in the Catholic church. Cardinal Joseph Tobin on Monday announced the establishment of a victim compensation and counseling program in response to the dozens of allegations, providing resources to compensate the victims of child sexual abuse whose financial claims are barred due to the statute of limitations. Names of the priests and deacons who have been credibly accused of sex abuse of minors will be named early next year as part of a complete review, Tobin added "It is hoped that these step…

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by Cecilia Levine