The Madoff Victim Fund makes its final payout of $131M to over 23,000 Ponzi scheme victims.
The Madoff Victim Fund has initiated its final payout, distributing $131 million to over 23,000 victims of Bernie Madoff's Ponzi scheme, bringing total recoveries to 94% of losses. Since Madoff's guilty plea in 2009, the fund has paid over $4 billion to nearly 41,000 victims in 127 countries. Madoff, sentenced to 150 years in prison, died in 2021.
3 months ago
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