Categories

Payout to Madoff victims tops $7.2B

The trustee liquidating Bernard Madoff’s firm on Monday said he is distributing another $355.8 million to the swindler’s victims, bringing the total payout to more than $7.2 billion. Irving Picard, the trustee, said the payout began on Feb. 6, and covers claims by fraud victims with 1,077 accounts at the former Bernard L. Madoff Investment Securities. Claimants will receive between $431 to $67.1 million. More on CNBC here.

Share This Page:
  • email
  • Facebook
  • Twitter
  • LinkedIn