{"id":6701,"date":"2018-12-04T13:32:14","date_gmt":"2018-12-04T19:32:14","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6701"},"modified":"2022-05-19T09:51:34","modified_gmt":"2022-05-19T14:51:34","slug":"investment-fraud-madoff-ponzi-scam-victims-receive-another-695m-ex-royal-alliance-associates-investment-adviser-pleads-guilty-to-stealing-3m-from-customers-and-moneygram-investor-proposes-lawsuit","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investment-fraud-madoff-ponzi-scam-victims-receive-another-695m-ex-royal-alliance-associates-investment-adviser-pleads-guilty-to-stealing-3m-from-customers-and-moneygram-investor-proposes-lawsuit\/","title":{"rendered":"Investment Fraud: Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement"},"content":{"rendered":"<p><strong>DOJ Distributes Another $695M to Over 27,000 Madoff Ponzi Scam Victims<\/strong><\/p>\n<p>A decade on the heels of Bernard Madoff\u2019s arrest for running a multi-billion dollar Ponzi scam, the <a href=\"https:\/\/www.justice.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Justice Department <\/a>has distributed another $695M to over 27,000 of his victims. This is the DOJ\u2019s third payment to investors of the fraud, bringing the total amount issued to nearly $2B.<\/p>\n<p>In a statement, the DOJ said that it plans to restore more than $4B in total to those who sustained losses in the scheme that went on for decades, harming investors from all walks of life, including:<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investment-fraud-madoff-ponzi-scam-victims-receive-another-695m-ex-royal-alliance-associates-investment-adviser-pleads-guilty-to-stealing-3m-from-customers-and-moneygram-investor-proposes-lawsuit\/\"  title=\"Continue Reading Investment Fraud: Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DOJ Distributes Another $695M to Over 27,000 Madoff Ponzi Scam Victims A decade on the heels of Bernard Madoff\u2019s arrest for running a multi-billion dollar Ponzi scam, the US Justice Department has distributed another $695M to over 27,000 of his victims. This is the DOJ\u2019s third payment to investors of the fraud, bringing the total [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3804,3781],"tags":[3211,3212,2568,3213,3189],"class_list":["post-6701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-class-action-lawsuits","category-investment-advisers","tag-bernard-madoff","tag-kimberly-kitts","tag-madoff-ponzi-scam","tag-moneygram-international","tag-royal-alliance-associates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investment Fraud: Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement &#8212; Investor Lawyers Blog &#8212; December 4, 2018<\/title>\n<meta name=\"description\" content=\"Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement\" \/>\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\/investment-fraud-madoff-ponzi-scam-victims-receive-another-695m-ex-royal-alliance-associates-investment-adviser-pleads-guilty-to-stealing-3m-from-customers-and-moneygram-investor-proposes-lawsuit\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investment Fraud: Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement &#8212; Investor Lawyers Blog &#8212; December 4, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/forter-fraud-revenue-driver.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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":"Investment Fraud: Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement &#8212; Investor Lawyers Blog &#8212; December 4, 2018","description":"Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement","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\/investment-fraud-madoff-ponzi-scam-victims-receive-another-695m-ex-royal-alliance-associates-investment-adviser-pleads-guilty-to-stealing-3m-from-customers-and-moneygram-investor-proposes-lawsuit\/","twitter_card":"summary_large_image","twitter_title":"Investment Fraud: Madoff Ponzi Scam Victims Receive Another $695M, Ex-Royal Alliance Associates Investment Adviser Pleads Guilty To Stealing $3M From Customers, and MoneyGram Investor Proposes Lawsuit After $125M Settlement &#8212; Investor Lawyers Blog &#8212; 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