Meanwhile, the Madoff Victim Fund, set up through the courts, a few weeks ago began its first distribution of $772.5 million to 24,631 victims.
Richard Breeden, special master for that fund, called this “an unprecedented effort to identify and compensate directly tens of thousands of investors all over the world whose money was stolen in the Madoff fraud. “
After massive coverage of the meltdown, the world’s biggest treasure, or scavenger, hunt is continuing largely uncovered. Anyone who thinks the Madoff meltdown is history is missing possibly the most important chapter: the resolution.
‘Enforcement 40’ for 2020
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