Supreme Court Declines to Hear Madoff Dispute

The Supreme Court said on Monday that it would not hear a dispute over how the claims of investors in Bernard L. Madoff’s huge Ponzi scheme should be calculated, a decision that could speed up payouts to the victims of the fraud. Without comment, the court declined to hear an appeal from Madoff customers who argued that the bankruptcy trustee, Irving H. Picard, should base victim claims on the final statements they received from Mr. Madoff in November 2008. That method would have pegged the total losses at $60 billion. Read New York Times report here.

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