The 11,000 or so investors in feeder funds used by Ponzi schemer Bernard L. Madoff to commit the biggest fraud in history finally have a chance to get some of their money back. A $2.35 billion fund will distribute monies collected from various legal proceedings to an expanded pool of victims. Given that the total amount of money lost in the fraud is about $17 billion, there isn’t nearly enough money to go around. Still, the fund is likely many victim’s best shot at recouping some of their losses. More on CBS News here.
