Bernie Madoff compensation fund makes final payments
Dec 31, 2024
Tenth and final payment means the 40,000-plus Ponzi scheme victims will have recovered 93% of investment lossesA US government fund to compensate people swindled by Bernie Madoff is making its final round of payments, taking the total paid from the fund to the late fraudster’s victims to $4.3bn (£3.4bn).The Madoff Victim Fund is paying out $131.4m from forfeited assets to 23,408 people around the globe in the 10th and final distribution, according to a statement by the Department of Justice (DoJ). Continue reading...