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U.S. National News

An Additional $568 Million Distributed to Victims of Madoff Ponzi Scheme

garyglennell

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its seventh distribution of approximately $568 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to over $3.7 billion to nearly 40,000 victims worldwide.

Source: The U.S. Department of Justice

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