Supply Chain Council of European Union | Scceu.org
Distribution

U.S. announces distribution of $372 million to victims of Madoff scheme -statement

WASHINGTON (Reuters) – The U.S. Justice Department on Wednesday announced the distribution of $372 million to victims of Bernie Madoff’s ponzi scheme, putting total recoveries above $4 billion, the agency said in a statement.

Madoff died at age 82 last year in federal prison, where he was serving a 150-year sentence. His massive scheme, estimated as high as $64.8 billion, went undiscovered for years and ensnared thousands of victims, including charities, hedge funds, celebrities and pension funds.

Another $14.5 billion has been recouped for victims of the former Bernard L. Madoff Investment Securities LLC by a court-appointed trustee liquidating that firm in bankruptcy.

(Reporting By Paul Grant; Editing by Rami Ayyub)

Related posts

“Systems For Reimbursing And Reconciling Pharmacy-Related Transactions” in Patent Application Approval Process (USPTO 20220164793): Patent Application – InsuranceNewsNet

scceu

Locally owned Coffs Coast food wholesaler, The Provedores, launches an online store to offer their wholesale food and specialty products direct to the public to give local residents access to essential food items… including pasta!

scceu

2 Georgia men sentenced to prison for dogfighting, drug distribution – KIRO 7 News Seattle

scceu