The trustee overseeing liquidation of Bernard L. Madoff Investment Securities LLC is seeking court approval to distribute $349 million to Madoff’s Ponzi scheme victims.
That would bring the total distributed to $6 billion.
With this distribution, all Madoff customers with allowed claims under $925,000 will be satisfied in full, according to a statement from the Securities Investor Protection Corporation.
Madoff, a New York hedge fund investor, pulled off what has been called the largest Ponzi…
The trustee overseeing liquidation of Bernard L. Madoff Investment Securities LLC is seeking court approval to distribute $349 million to Madoff’s Ponzi scheme victims.
That would bring the total distributed to $6 billion.
With this distribution, all Madoff customers with allowed claims under $925,000 will be satisfied in full, according to a statement from the Securities Investor Protection Corporation.
Madoff, a New York hedge fund investor, pulled off what has been called the largest Ponzi…