A Few Clouds 66°
Tag:

Securities Investor Protection Act Trustee

News
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce Thousands of Bernie Madoff’s Ponzi scheme victims will be receiving their portions of the latest distribution of more than $370 million. US Attorney for the Southern District of New York Damian Williams announced that the Madoff Victim Fund will be distributing approximately $372 million to 40,000 victims worldwide who were involved in the fraud scheme. Earlier Report: Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions To date, approximately $4 billion has been distributed to Madoff’s victims. Williams said that this eighth payment will bring the victims’ total re…

SHARE

by Michael Mashburn
News
Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions
Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions Thousands of Bernie Madoff’s Ponzi Scheme victims will be receiving their portions of the latest distribution of nearly $500 million. Acting U.S. Attorney for the Southern District of New York Audrey Strauss announced that the Madoff Victim Fund will be distributing approximately $488 million to more than 37,000 of his victims involved in the fraud scheme. To date, approximately $2.7 billion has been distributed to Madoff’s victims. Strauss said that this sixth payment will bring the victims’ total recovery to 80.05 percent of their losses. Ultimately, more than $4 billion will be returne…

SHARE

by Zak Failla
News
New Distribution Of More Than $378M Allotted To Madoff Ponzi Scheme Victims New Distribution Of More Than $378M Allotted To Madoff Ponzi Scheme Victims
New Distribution Of More Than $378M Allotted To Madoff Ponzi Scheme Victims Thousands of Bernie Madoff’s Ponzi Scheme victims will be receiving their portions of the fifth distribution of more than $378 million this week. U.S. Attorney Geoffrey Berman announced that the Madoff Victim Fund will be distributing $378.5 million to more than 26,000 of his victims involved in the fraud scheme. To date, approximately $2.7 billion has been distributed to Madoff’s victims. Berman said that the fifth payment will bring the victims’ total recovery to 73.65 percent of their losses.  Ultimately, more than $4 billion will be returned due to losses suffered in Madoff’s Ponz…

SHARE

by Zak Failla