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Madoff victim fund stands at 140m as the hunt goes on
Citation-ready fact
SIPC and trustee Irving Picard have accepted 543 claims for payout so far.
543 · claims accepted
SIPC and Irving Picard, court‑appointed trustee
Citation-ready fact
The average payout per claim is $425,414.
425414 USD · average payout per claim
SIPC and Irving Picard, court‑appointed trustee
Citation-ready fact
Each customer can receive a maximum of $500,000 under the law.
500000 USD · maximum per‑customer recovery
SIPC and Irving Picard, court‑appointed trustee
Citation-ready fact
U.S. prosecutors said the fraud drew in as much as $65 billion.
65 billion USD · total amount allegedly drawn in by the fraud
U.S. prosecutors
Citation-ready fact
Investors are owed a total of $2.74 billion, subject to recovery by the trustee.
2.74 billion USD · total amount owed to investors
SIPC, investor‑protection group
Citation-ready fact
The amount now exceeds the group’s previous 11 largest liquidations.
11 · largest liquidations previously recorded
SIPC, investor‑protection group
Citation-ready fact
SIPC was established by the US Congress in 1970.
1970 · establishment
SIPC
Citation-ready fact
SIPC stated that the amount exceeded its previous 11 largest liquidations.
11 · largest liquidations
SIPC
Citation-ready fact
SIPC and Irving Picard stated they had accepted 543 claims for payout so far.
543 claims · claims for payout
SIPC and Irving Picard, court-appointed trustee
Citation-ready fact
US prosecutors stated that the Madoff fraud drew in as much as $65bn.
as much as 65000000000 USD · fraud amount
US prosecutors
The group, which was established by the US Congress in 1970 to help swindled investors, said that the amount exceeded its previous 11 largest liquidations.
SIPC and Irving Picard, the court-appointed trustee winding down Bernard L. Madoff Investment Securities, said it had accepted 543 claims for payout so far.
The amount to be paid averages $425,414 per claim. Each customer can receive up to a maximum of $500,000 under the law.
But how much of the $2.74bn investors will ever see will depend on how much the trustee can recover from his global search for assets tied to the Madoff fraud.
The once-respected financier was arrested in December and pleaded guilty in March to a decades-long fraud that US prosecutors said drew in as much as $65bn.
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