$355.8M more going to Madoff scam victims

NEW YORK – A new distribution of funds recovered from Bernard Madoff’s business interests is sending $355.8 million more to victims of the Ponzi scheme mastermind’s investment fraud. The latest repayment flow began Friday, and marked the fifth distribution by Irving Picard, the court trustee appointed to search for assets tied to the scam and use the funds to reimburse thousands of average investors, charities, celebrities and others who lost as much as $20 billion in the fraud. More on USA Today here.