Bernard Madoff Victims To Receive More Than $277 Million — Fortune

The court-appointed trustee liquidating Bernard Madoff’s firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff’s Ponzi scheme. Irving Picard, the trustee, said victims will receive at least $232 million of cash, and the…

via Bernard Madoff Victims To Receive More Than $277 Million — Fortune

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