Madoff Victims Get Another $2.5 Billion

fox8.com

By Aaron Smith

NEW YORK (CNNMoney) — Victims of Bernard Madoff’s Ponzi scheme will receive another $2.5 billion of their stolen funds, a court-appointed trustee said Thursday.

Irving Picard, the trustee in charge of recovering assets lost to the biggest Ponzi scheme in history, said that he mailed the checks Wednesday to 1,230 investors who were burned by Madoff.

The payments range from $1,784 to as much as $526.8 million, with the average payment being $2 million, according to Picard’s office.

This is in addition to nearly $1.15 billion worth of payments that have already been sent out, bringing the total funds that have been recovered and distributed to victims up to more than $3.6 billion.

As a result of the latest payments, claims for another 182 victims have been fully satisfied, meaning that a total of 1,074 investor accounts have been fully reimbursed, according to the trustee’s office. But…

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