Madoff victims to receive checks totaling $505 million
Photo credit: Getty Images | Bernard "Bernie" Madoff walks down Lexington Avenue to his Manhattan apartment, days after he was charged in the largest investment scam in Wall Street history. At least $18 billion in investments went missing in the massive Ponzi scheme. Madoff was sentenced to 150 years in prison. (Dec. 17, 2008)
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The Madoff family
Victims of Bernard Madoff
Bernie Madoff's personal items and homes
The bankruptcy trustee in the Bernard Madoff case plans to send out checks totaling $505 million to victims of the Ponzi scheme, an amount that will bring the total reimbursement so far to $5.4 billion, according to court papers filed Wednesday.
Irving Picard, the trustee handling the Madoff bankruptcy proceeding, plans to send out the cash distribution -- the third so far in the case -- soon...
