A US government fund established to compensate victims of Bernie Madoff's Ponzi scheme is nearing completion of its final round of payments, nearly covering all losses incurred by those scammed. The Madoff Victim Fund has recently distributed over $131.4 million in its 10th and last payment cycle, totaling $4.3 billion dispersed among nearly 41,000 victims from 127 countries.
Each victim is set to receive compensation for approximately 94% of their proven losses, marking a significant milestone in the decade-long process of identifying victims worldwide and untangling complex financial transactions.
