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Bernard Madoff, mastermind of vast Wall Street Ponzi scheme, dies at 82

Once one of the most sought-after stockbrokers in high finance, he became a symbol of Wall Street greed. ....

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Justice Department Announces Additional Distribution of more than $488 Million to Victims of Madoff Ponzi Scheme

Justice Department Announces Additional Distribution of more than $488 Million to Victims of Madoff Ponzi Scheme
Details
Written by IVN
New York - The Department of Justice announced today that the Madoff Victim Fund (MVF) began its sixth distribution of approximately $488 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to almost $3.2 billion to nearly 37,000 victims worldwide.
In this distribution, payments will be sent to over 30,000 victims across the globe, bringing their total recovery to 80.05 percent. This distribution represents the sixth in a series of payments that will eventually return over $4 billion to victims as compensation for losses they suffered from the collapse of the BLMIS. The MVF has received over 65,000 petitions from victims in 136 countries. ....

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Justice Department Announces Additional Distribution of more than $488 Million to Victims of Madoff Ponzi Scheme

Justice Department Announces Additional Distribution of more than $488 Million to Victims of Madoff Ponzi Scheme
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US Justice Department Announces Additional Distribution Of More Than $488 Million To Victims Of Madoff Ponzi Scheme

US Justice Department Announces Additional Distribution Of More Than $488 Million To Victims Of Madoff Ponzi Scheme
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