{"id":1653,"date":"2015-05-31T18:53:17","date_gmt":"2015-05-31T18:53:17","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/05\/thousands_more_investors_in_be"},"modified":"2022-03-22T14:25:33","modified_gmt":"2022-03-22T19:25:33","slug":"thousands-more-investors-in-be","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/thousands-more-investors-in-be\/","title":{"rendered":"Thousands More Investors in Bernard Madoff Ponzi Scam Could Get Financial Recovery"},"content":{"rendered":"

\t\t\t\tAccording to Richard Breeden, the special master of the Madoff Victim Fund, about 11,000 more investors who sustained losses in the Bernard Madoff Ponzi scam<\/a> could recover some of their funds. He also said that the number could possibly double as the U.S. government assesses more of the claims.<\/p>\n

Breeden said that as of the middle of this month his office had looked at over 34,000 of the more than 63,700 claims it had received from investors who were claiming $77.3 billion of losses. They are from 135 countries. <\/p>\n

The Madoff Victim Fund is holding $4.05 billion in investor compensation and is separate from the compensation being distributed by Irving Picard, who is the trustee of Bernard L. Madoff Investment Securities LLC. While Picard has been compensating investors who directly placed their funds with Madoff, Breeden is working to compensate investors who had accounts at feeder funds and other entities that then sent their money to Madoff for investment.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to Richard Breeden, the special master of the Madoff Victim Fund, about 11,000 more investors who sustained losses in the Bernard Madoff Ponzi scam could recover some of their funds. He also said that the number could possibly double as the U.S. government assesses more of the claims. Breeden said that as of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3886,3792],"tags":[],"class_list":["post-1653","post","type-post","status-publish","format-standard","hentry","category-madoff-ponzi-scheme","category-ponzi-scams"],"yoast_head":"\nThousands More Investors in Bernard Madoff Ponzi Scam Could Get Financial Recovery — Investor Lawyers Blog — May 31, 2015<\/title>\n<meta name=\"description\" content=\"According to Richard Breeden, the special master of the Madoff Victim Fund, about 11,000 more investors who sustained losses in the Bernard Madoff Ponzi — May 31, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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