Bernie Madoff Victims To Receive Final Restitution Payments, DOJ Says [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Over $131.4 million is being sent to more than 23,000 fraud victims globally in a 10th and final distribution from the Madoff Victim Fund, the DOJ said The fund has already paid out more than $4.3 billion to nearly 41,000 victims in 127 countries following the uncovering of the multibillion-dollar scheme in December 2008, the department said. Financier Bernard Madoff is seen ahead of a federal court hearing in 2009 in New York. He pleaded guilty to 11 felony counts and was sentenced to 150 years in prison. Stephen Chernin via Getty Images “Today's distribution represents an unprecedented conclusion of victim compensation from civil forfeiture actions related to the Madoff scheme with more than $4 billion repaid to over 40,000 victims,” said James Dennehy, assistant director in charge of the FBI's New York Field Office. “These victims implicitly trusted Madoff with their investments only to ultimately lose significant monies to his selfish plan.” More than half of the recovery
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JPM
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- 10/14/24 - Beat
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- 1/2/25 - Form 424B3
- 1/2/25 - Form 424B3
- 1/2/25 - Form 424B3
- JPM's page on the SEC website