Madoff Fraud Sufferers Awarded $568M in New Distribution | The Crime Document

An extra $568 million has been awarded to sufferers of Bernard Madoff’s Ponzi scheme.

The Division of Justice Thursday introduced its 7th distribution of price range to folks victimized by means of Bernard L. Madoff Funding Securities, elevating the entire reimbursement to over $3.7 billion.

A minimum of 40,000 folks around the globe suffered losses from the fraud perpetrated by means of Madoff over many years.  The 82-year-old Madoff died in April in a North Carolina federal jail, the place he was once serving a 150-year time period for crimes Pass judgement on Denny Chin described as “atypical evil.”

The most recent distribution will pass to almost 31,000 sufferers, and brings the selection of the ones compensated to this point to greater than 81 % of the entire.

“This workplace continues to hunt justice for sufferers of historical past’s biggest Ponzi scheme,” stated U.S. Lawyer Audrey Strauss for the Southern District of New York.

“However our paintings isn’t but completed, and [this office’s] tireless dedication to compensating the sufferers who suffered because of Madoff’s heinous crimes continues.”


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