


Final Compensation Distribution for Bernie Madoff's Victims
The Justice Department announces the final distribution of funds to Bernie Madoff's victims, totaling over $4.3 billion and recovering nearly 94% of their losses.
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get StartedAlready subscribed? Sign in
Overview
The U.S. Justice Department's Madoff Victim Fund has completed its tenth and final distribution, providing over $131 million to more than 23,000 victims. In total, the fund has disbursed over $4.3 billion to nearly 41,000 claimants worldwide, covering about 93.7% of reported losses. This unprecedented compensation follows the discovery of Madoff's fraud in 2008 and highlights the efforts of the DOJ to recover funds through asset recovery processes. The victims, who were misled by Madoff's fraudulent investment practices, include individuals, charities, and pension plans.
Content generated by AI—learn more or report issue.

Get both sides in 5 minutes with our daily newsletter.
Analysis
Analysis unavailable for this viewpoint.
Articles (3)
Center (2)
History
- This story does not have any previous versions.