• NEWS DESK

MADOFF COSTUMER PAYOUT NEARS $14 BILLION, AS DYING SWINDLER


NEW YORK (Reuters) - Bernard Madoff’s former customers will soon see their total recovery approach $14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the U.S. government will support his request to leave prison early.

Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, said he has begun distributing $369 million to holders of 854 accounts, bringing the total payout to all eligible customers to $13.93 billion.


Read More

amazon smile for pragnya.png
Our Non- Profit Partners
pragnya_logo.png
LOCAL EVENTS
BUSINESS NEWS
INDIA NEWS
BAY AREA NEWS

Powered by Studio M | 1917 Concourse Dr. San Jose CA 95131

  • Mediamahima