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Madoff victims mostly paid back

NEW YORK â The Justice Department announced last week a $488 million payout to victims of Bernie Madoffâs historic Ponzi scheme, bringing the total recovery from losses to 80%. The money will go to nearly 37,000 victims worldwide and is the sixth payment from the feds. The total recovery is nearly $3.2 billion. âThat is an extraordinary level of recovery for a Ponzi scheme â but our work is not yet finished, and the officeâs tireless commitment to compensating the victims who suffered as a result of Madoffâs heinous crimes continues,â acting Manhattan U.S. Attorney Audrey Strauss said. Madoff was sentenced in 2009 to 150 years in prison for his historic fraud. In June a judge denied Madoffâs request for compassionate release because he is dying.

New yorkUnited statesAudrey straussJeffrey picowerBernie madoffMadoff victim fundJustice departmentJpmorgan chase bankMadoff victimChase bankபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஆட்ரி ஸ்ட்ராஸ்பெர்னி மடோஃப்மடோஃப் பாதிக்கப்பட்டவர் நிதிநீதி துறை

Justice Department pays $488M to victims of Bernie Madoff s Ponzi scheme

Financier Bernard Madoff arrives at Manhattan Federal court on March 12, 2009, in New York City. The Justice Department announced Thursday a $488 million payout to victims of Madoff’s historic Ponzi scheme, bringing the total recovery from losses to 80%.(Stephen Chernin/Getty Images/TNS) Justice Department pays $488M to victims of Bernie Madoff’s Ponzi scheme The Justice Department announced Thursday a $488 million payout to victims of Bernie Madoff’s historic Ponzi scheme, bringing the total recovery from losses to 80%. The money will go to nearly 37,000 victims worldwide and is the sixth payment from the feds. The total recovery is nearly $3.2 billion.

New yorkUnited statesAudrey straussJeffrey picowerBernie madoffMadoff victim fundJustice departmentJpmorgan chase bankMadoff victimChase bankபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஆட்ரி ஸ்ட்ராஸ்பெர்னி மடோஃப்மடோஃப் பாதிக்கப்பட்டவர் நிதிநீதி துறை

DOJ pays $488 million to victims of Madoff s Ponzi scheme

DOJ pays $488 million to victims of Madoff s Ponzi scheme
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New yorkUnited statesAudrey straussJeffrey picowerBernie madoffMadoff victim fundJustice departmentJpmorgan chase bankMadoff victimChase bankபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஆட்ரி ஸ்ட்ராஸ்பெர்னி மடோஃப்மடோஃப் பாதிக்கப்பட்டவர் நிதிநீதி துறை

Justice Department pays $488M to victims of Bernie Madoff s Ponzi scheme | Tribune

Justice Department pays $488M to victims of Bernie Madoff s Ponzi scheme | Tribune
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