Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

FORGOTTEN HISTORY: Bernie madoff compensation fund makes final payments - Caught on Camera

A
In total, 40,930 victims of Madoff’s Ponzi scheme have received compensation in 127 countries, and will have recovered 93.71% of their fraud losses. Most were small investors who each lost less than $500,000 in the fraud. Victims include 38,860 individuals, as well as schools, charities and pension plans. Photograph: Hans Deryk/Reuters

A US government fund to compensate people swindled by Bernie Madoff is making its final round of payments, taking the total paid from the fund to the late fraudster’s victims to $4.3bn (£3.4bn).

The Madoff Victim Fund is paying out $131.4m from forfeited assets to 23,408 people around the globe in the 10th and final distribution, according to a statement by the Department of Justice (DoJ).

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.