Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

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.

Read more
3
pearlbrownpearlbrown1,433 posts since
Nov 2, 2010
Rep Points: 6,255
Reply