Madoff Trustee: Allowable Claims Under $1.1 Million to Be All Paid

The trustee recovering money lost by investors with imprisoned financier Bernard Madoff has reported a new milestone, saying a new distribution will mean allowable claims of $1.1 million or less will have been fully reimbursed. Trustee Irving Picard made the announcement Tuesday as he asked a U.S. Bankruptcy Court judge to approve a $1.18 billion distribution to investors. More on NBC New York here.

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