JEWISH TELEGRAPHIC AGENCY
Bernard Madoff swindled $17.5 billion from investors. His trustee has recovered three-quarters of it.
December 20, 2017

The trustee charged with recovering the investments for victims of Bernard Madoff’s Ponzi scheme has recovered about 73 percent of the lost principal of $17.5 billion. New payouts of $584 million will be made after the start of the new year, Crain’s New York reported. “Nearly a decade since the unmasking of the Madoff fraud, we are still finding and recovering millions of dollars for the victims of this complex global deception,” trustee Irving Picard said in a statement. Picard has said he expects to recover all of the lost principal and perhaps more, according to Crain’s. READ MORE