May 8, 2021 05:54

Justice Department Announces Additional Distribution of more than $488 Million to Victims of Madoff Ponzi Scheme

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its sixth distribution of approximately $488 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to almost $3.2 billion to nearly 37,000 victims worldwide.

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