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Madoff Victims: The Check Is In The Mail

Thursday, September 20, 2012 - 1:46 PM
From ABC News via Yahoo Finance:
Victims of Bernie Madoff's multi-billion-dollar Ponzi scheme will be receiving more of their stolen money back this week. Irving Picard, the court-appointed trustee in charge of liquidating Madoff's investment firm, said checks totaling $2.5 billion were mailed Wednesday.

[...] Picard has estimated that Madoff defrauded his customers of roughly $17.3 billion, and so far he has recovered just over half that amount.

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pearlbrownpearlbrown1,489 posts since
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