The proposed distribution will mark the fourth year in a row that Picard has made a distribution to victims, bringing the total payout thus far to nearly $6 billion including the proposed distribution. With the fourth distribution, Picard announced that Madoff victims will now have received approximately 46% of their allowed loss. Combined with the fact that many victims also received a SIPC cash advance of up to $500,000 from an industry-funded reserve, this means that every allowed claim of $925,000 or less will now have been repaid in full.
‘Enforcement 40’ for 2020
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