More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,

The US Department of Justice says victims of the Bernie Madoff fraud have received 93.71% of their fraud losses. Of course, this does not reflect the

More than 40,000 victims lost billions of dollars to Bernie Madoff, whose Ponzi scheme has been called the largest in the world.

It’s been more than 15 years since federal authorities put an end to Bernie Madoff ’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation payments to victims.