Daily Court Reporter - News Nearly 6 billion now distributed to Madoff victims
Nearly 6 billion now distributed to Madoff victims
With the pro rata distribution of approximately $351.6 million in the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) under the Securities Investor Protection Act, a total of nearly $6 billion will have been returned to BLMIS customers with allowed claims. The Securities Investor Protection Corporation (SIPC) praised Trustee Irving H. Picard and his attorneys for their ongoing hard work in recovering and returning funds to BLMIS customers.
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Date Published: May 6, 2014