Bernie Madoff victims get final $131.4 million payout from Justice Department
Raw StoryAbout 23,000 people around the world are going to have a happy new year courtesy of the Department of Justice. The DOJ is paying out $131.4 million to victims of Bernie Madoff and his Ponzi scheme. With the Justice Department’s steadfast support, the FBI will continue its tireless seizure of assets from criminals who steal from others and seek to recover those assets for victim losses,” Assistant Director in Charge James E. Dennehy of the FBI New York Field Office said in a statement. “This office has never stopped at pursuing justice for victims of history’s largest Ponzi scheme,” Acting U.S. Attorney Edward Y. Kim for the Southern District of New York added. Madoff had long reported massive gains due to his investments, but analyst Harry Markopolos told the SEC in 2000 that he didn't think his successes were mathematically possible.
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