The judge overseeing the liquidation of Bernard Madoff’s defunct business did not issue a ruling today after hearing arguments from victims who say that years worth of fake profit from the fraud should be included in their claims for repayment.
U.S. Bankruptcy Judge Burton Lifland in New York will determine how much money, if any, victims may get from the industry-financed Securities Investor Protection Corp., which must repay as much as $500,000 for each qualifying claim.
Read Bloomberg report on today’s hearing here.
Sourced from: Madoff Help News & Assistance
