Responding to inquiries from Congressman Vern Buchanan, the U.S. Justice Department said it will begin compensating the victims of scam artist Bernie Madoff within the next few months.
Buchanan, who complained about the slow compensation from a fund created five years ago, said he received a letter this week from Assistant Attorney General Stephen E. Boyd stating the DOJ is “poised to issue initial distributions from the Assets Forfeiture Fund by the end of 2017.”
Boyd said in his letter “these distributions will represent the largest return of forfeited funds to victims in the history of the Department’s asset forfeiture program.”
‘Enforcement 40’ for 2020
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