Yahoo Web Search

Sign In

Search results

  1. en.wikipedia.org › wiki › Recovery_of_funds_from_the_MadoffRecovery of funds from the Madoff investment scandal

    The recovery of funds from the Madoff investment scandal has been underway since the scandal broke in December 2008. That month, recovery trustee Irving Picard received funds from the Bank of New York account where Bernard Madoff held new investments into his Ponzi scheme.

  2. abcnews.go.com › Business › funds-recovered-victims-bernieMore funds recovered for victims of Bernie Madoff - ABC News

    Dec 9, 2022 · The trustee for the liquidation of Bernie Madoff’s defunct and fraudulent investment firm announced on Friday a new distribution of recovered funds to swindled customers. This is the 14th distribution to victims of Madoff’s Ponzi scheme and brings the total amount restored to more than $14 billion.

    • 1 min

  3. Videos

    View all

  4. www.nbcnews.com › news › us-newsBernie Madoff victims get $159 million from Ponzi recovery fund...

    Dec 12, 2023 · Bernie Madoff victims get $159 million from Ponzi recovery fund in latest payout. The announcement, made 15 years after Madoff’s arrest — and more than two years after he died in prison —...

  5. www.justice.gov › opa › prDepartment of Justice Compensates Victims of Bernard Madoff Fraud...

    Nov 9, 2017 · The Department of Justice today announced that on Nov. 9, the Madoff Victim Fund (MVF) began its initial distribution of $772.5 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.

  6. www.justice.gov › opa › prOffice of Public Affairs | Justice Department Announces Total ...

    Sep 28, 2022 · The Department of Justice announced today that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.

  7. www.forbes.com › sites › chasewithornThe Investors Who Had To Pay Back Billions In Ill-Gotten Gains...

    Apr 14, 2021 · Infamous fraudster Bernie Madoff died in federal prison on Wednesday at age 82. His massive Ponzi scheme defrauded investors of an estimated $17.5 billion (or as much as $65 billion, including...

  8. www.justice.gov › opa › prDepartment of Justice Begins Second Distribution of Funds...

    Apr 12, 2018 · Of the approximately $4.05 billion that will be made available to victims, approximately $2.2 billion was collected as part of the historic civil forfeiture recovery from the estate of deceased Madoff investor Jeffry Picower.