Justice Department Announces Total Distribution of Over $4 Billion to Victims of Madoff Ponzi Scheme | Department of Justice

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its eighth distribution of approximately $372 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.

In this distribution, payments will be sent to 27,219 victims across the globe, bringing their total recovery to 88.35%. The total amount distributed now exceeds $4 billion to more than 40,000 victims as compensation for losses they suffered from the collapse of BLMIS.

Source: Justice Department Announces Total Distribution of Over $4 Billion to Victims of Madoff Ponzi Scheme | OPA | Department of Justice