Madoff Victim Fund to Pay Out $158.9M to Fraud Victims
The ninth distribution brings the total recovery to more than $4.2 billion over the past 10 years.
The ninth distribution brings the total recovery to more than $4.2 billion over the past 10 years.
Austin-based Fulcrum bought recovery rights from Madoff victims, then required them to conceal the proceeds to inflate the payments.
Justice Department says total recovery from Ponzi scheme has now covered more than 88% of losses.