Judge Approves Nearly $600 Million More For Madoff VictimsMani
On Wednesday, a New York bankruptcy judge approved nearly $600 million worth of additional settlements to benefit victims of Bernard Madoff’s massive Ponzi scheme.
Irving Picard, the trustee in charge of recovering assets, has to date collected or reached deals to collect roughly $10.5 billion of the $17.3 billion in principal lost to fraud.
Receives blessing from bankruptcy judge
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