SEC veteran and hedge fund founder Richard Breeden, who was appointed by the U.S. Department of Justice in December of 2012 as “special master” of $2.35 billion in forfeited assets, announced a delay in the distribution of those funds to victims of Madoff’s scheme.
Breeden is having trouble distinguishing Madoff “victims” from “customers,” which is stymieing the process of returning stolen assets, according to a written statement on his website www.madoffvictimfund.com.
via More than $2 billion for Madoff victims is still in limbo — CNN Money
