The Madoff Victim Fund concludes payouts, distributing nearly $4.3 billion to victims of the Ponzi scheme.

The Madoff Victim Fund has made its final payout of $131 million to 23,000 victims, bringing the total recovery to nearly 94% of losses from Bernie Madoff's Ponzi scheme. Over $4.3 billion has been distributed to more than 40,000 victims across 130 countries since the fund's inception. The funds primarily came from a civil forfeiture from Jeffry Picower's estate and a payment from JPMorgan Chase.

3 months ago
77 Articles