Reported 5 days ago
A U.S. government fund has completed its final payout to victims of Bernard Madoff, distributing a total of $4.3 billion to 40,930 claimants, representing an average recovery of 93.71% of their proven losses. This final distribution includes $131.4 million for 23,408 individuals and was facilitated by settlements involving Madoff's former bank and investor estate. Overall, nearly $19 billion has been recouped for Madoff victims.
Source: YAHOO