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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.

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Overview

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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.

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