{"id":5984,"date":"2016-06-03T00:00:00","date_gmt":"2016-06-03T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2016\/06\/madoff_investors_eligible_for_1"},"modified":"2022-03-23T10:32:03","modified_gmt":"2022-03-23T15:32:03","slug":"madoff-investors-eligible-for-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/","title":{"rendered":"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M"},"content":{"rendered":"

At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme<\/a> can expect to receive payouts for almost $4B in losses they sustained from the fraud. For these investors, they\u2019ve been waiting to get at least some of their money back for nearly eight years.<\/p>\n

It was in December 2008 that Madoff\u2019s $64.8B Ponzi scam was discovered. It turns out that the 78-year-old money manager was an equal opportunity fraudster, bilking retail investors, wealthy investors, institutional investors, celebrities, and others alike. <\/p>\n

The nearly $4B in payouts is being overseen by Richard Breeden of the Madoff Victim Fund and is separate from the payouts issued by Irving Picard, who is the trustee in charge of compensating former customers of Bernard L. Madoff Investment Securities LLC. <\/p>\n

With the Madoff Victim Fund, claims include those brought by \u201cindirect\u201d investors whose accounts were at the hedge funds and other entities known as \u201cfeeder funds.\u201d These funds would send investors\u2019 money to Madoff. Thousands of victims that lost $17.5B have been seeking to avail of this fund.<\/p>\n

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

At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme can expect to receive payouts for almost $4B in losses they sustained from the fraud. For these investors, they\u2019ve been waiting to get at least some of their money back for nearly eight years. It was in December 2008 that Madoff\u2019s $64.8B […]<\/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":[],"class_list":["post-5984","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams"],"yoast_head":"\nMadoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M — Investor Lawyers Blog — June 3, 2016<\/title>\n<meta name=\"description\" content=\"At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme can expect to receive payouts for almost $4B in losses they sustained from — June 3, 2016\" \/>\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-investors-eligible-for-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M — Investor Lawyers Blog — June 3, 2016\" \/>\n<meta name=\"twitter:description\" content=\"At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme can expect to receive payouts for almost $4B in losses they sustained from — June 3, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M — Investor Lawyers Blog — June 3, 2016","description":"At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme can expect to receive payouts for almost $4B in losses they sustained from — June 3, 2016","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/","twitter_card":"summary_large_image","twitter_title":"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M — Investor Lawyers Blog — June 3, 2016","twitter_description":"At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme can expect to receive payouts for almost $4B in losses they sustained from — June 3, 2016","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M","datePublished":"2016-06-03T05:00:00+00:00","dateModified":"2022-03-23T15:32:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/"},"wordCount":617,"articleSection":["Ponzi Scams"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/","url":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/","name":"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M — Investor Lawyers Blog — June 3, 2016","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2016-06-03T05:00:00+00:00","dateModified":"2022-03-23T15:32:03+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"At least 25,280 claimants who were the victims of Bernard Madoff\u2019s Ponzi scheme can expect to receive payouts for almost $4B in losses they sustained from — June 3, 2016","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/madoff-investors-eligible-for-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Madoff Investors Eligible For $4B Payout & Stanford Fraud Victims Settle With Law Firm for $35M"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1yw","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5984"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5984\/revisions"}],"predecessor-version":[{"id":25370,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5984\/revisions\/25370"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}