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• Nearly $2bn allocated to swindler’s 27,000 victims to date
• Funds recovered from Madoff’s friend, family and bank

Victims of the fraudster Bernard Madoff are set to receive another $695.3m from a government compensation fund, the Department of Justice announced on Thursday.

The payout – the third made by the Madoff Victim Fund – will be distributed starting Thursday to 27,000 victims of the infamous scammer around the world. It will bring the total paid out to victims so far to nearly $2bn, out of more than a total of $4bn that will eventually be paid.

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from US news | The Guardian https://ift.tt/2E5pmc9