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In all, approximately $4 billion will be disbursed to victims of the massive Madoff Ponzi scheme.
The Department of Justice (DoJ) reports that the Madoff victim fund (MVF) has begun its initial distribution of $772.5 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme. Bernard “Bernie” Madoff is, of course, the perpetrator of the largest financial fraud in American...
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