Bernard Madoff, who pleaded guilty to 11 felonies in 2009, died in prison earlier this year at the age of 82 while serving a 150-year sentence. Prosecutors Announce New $568M Distribution to Madoff Ponzi Scheme Victims
The new distribution, prosecutors said, will bring overall recovery in the case to over $3.7 billion for investors who trusted Bernie Madoff to manage their money.
September 17, 2021 at 03:07 PM
3 minute read
The U.S. Justice Department announced Thursday that it had started distributing an additional $568 million to nearly 31,000 victims of Bernard Madoff's Ponzi scheme, the seventh installment in what prosecutors called the largest payment of forfeited funds in DOJ history.
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