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Browse: Home / 2014 / March / 28 / If You Invested Less Than $925,000 With Bernard Madoff, You’re Now Even — Ponzitracker

If You Invested Less Than $925,000 With Bernard Madoff, You’re Now Even — Ponzitracker

By Securities Docket on March 28, 2014, 8:04 am

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.

via If You Invested Less Than $925,000 With Bernard Madoff, You’re Now Even — Ponzitracker

Posted in Criminal, Industry, Top | Tagged Madoff, Ponzis, Trustees

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