{"id":5735,"date":"2014-12-05T00:00:00","date_gmt":"2014-12-05T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/12\/madoff_ponzi_scam_victims_reco"},"modified":"2022-03-11T13:34:15","modified_gmt":"2022-03-11T19:34:15","slug":"madoff-ponzi-scam-victims-reco","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/madoff-ponzi-scam-victims-reco\/","title":{"rendered":"Madoff Ponzi Scam Victims Recover Over $10 Billion"},"content":{"rendered":"\n

Six years after the collapse of Bernard Madoff\u2019s multi-billion dollar Ponzi scam, over $10 billion has been recovered\u2014that\u2019s close to 60% of the principal that went missing after his arrest in 2008. Nearly $6 billion has been paid back to investors. Trustee Irving Picard recently provided these figures in an interim report. <\/p>\n

Thousands of investors lost $17.5 billion in principal because of Madoff\u2019s scheme. Even as a significant amount of the money has been returned to them, billions of dollars are being kept in reserve until the securities fraud lawsuits filed by victims wanting bigger payouts are resolved. <\/p>\n

The Securities Investor Protection Corp. has spent over $1 billion to facilitate the recovery process. Picard was tasked with recovering investors\u2019 funds. He has worked with forensic accountants, lawyers, and others to figure out who was owed money and who should be sued for benefiting from Madoff\u2019s Ponzi scam. He has even able to recover investor funds via hundreds of lawsuits involving the Madoff clients and banks that didn\u2019t know they were benefiting from the fraud. <\/p>\n

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

Six years after the collapse of Bernard Madoff\u2019s multi-billion dollar Ponzi scam, over $10 billion has been recovered\u2014that\u2019s close to 60% of the principal that went missing after his arrest in 2008. Nearly $6 billion has been paid back to investors. Trustee Irving Picard recently provided these figures in an interim report. Thousands of investors […]<\/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":[3792],"tags":[3431],"class_list":["post-5735","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams","tag-madoff-ponzi-scheme"],"yoast_head":"\nMadoff Ponzi Scam Victims Recover Over $10 Billion — Investor Lawyers Blog — December 5, 2014<\/title>\n<meta name=\"description\" content=\"Six years after the collapse of Bernard Madoff\u2019s multi-billion dollar Ponzi scam, over $10 billion has been recovered\u2014that\u2019s close to 60% of the principal — December 5, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/madoff-ponzi-scam-victims-reco\/\" 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