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Business  (tags: Bernard Madoff, Bernie Madoff, Bernie Madoff Victims, Madoff, Madoff Ponzi Scheme, Madoff Scandal, Madoff Victims, Video, Business News )

- 3753 days ago -
Madoff Trustee Sends A Dozen $500,000 Checks To Victims... Recipients Remain Anonymous... More Payouts To Come...


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Blue Bunting (855)
Monday March 9, 2009, 7:12 pm
Iving H. Picard, the trustee overseeing the liquidation of Madoff's assets, has sent 12 checksto unnamed victims of the alleged fraud for $500,000 each.

The money comes from the Securities Investor Protection Corporation, or SIPC.

According to CNBC, the victims who are receiving these checks had a unique set of circumstances: they never withdrew funds from their accounts, and have the paperwork to prove it.

The maximum payout under CIPC is $500,000, and it is not clear whether these checks will make the victims whole.

On Thursday, Madoff is scheduled to appear in court and enter a guilty plea for the supposed $50 billion scam.

Victims who would like to testify at the hearing have until Wednesday morning to notify the court.

Kit B (276)
Monday March 9, 2009, 7:13 pm
"Checks in the mail" one of the big 3 lies. The saddest part is that this could have been stopped had anyone listened to whistle blower.

Blue Bunting (855)
Monday March 9, 2009, 7:15 pm
Madooff was a shipping point out of the country for the banking crisis. Madoff stole $60 billion dollars and shipped it to......

Blue Bunting (855)
Monday March 9, 2009, 7:15 pm
Oops ... EU anks didn't like that "link" ... sorry folks!

Blue Bunting (855)
Monday March 9, 2009, 7:33 pm
So many honest and hard working people across the country have lost their jobs and their homes and now live in tent cities while this Madoff crook and liar who stole from so many people gets to live in his penthouse.

I really think there's something wrong with this picture.

Blue Bunting (855)
Monday March 9, 2009, 7:38 pm
Good Posting TXfemmom about the goverment insurance being paid here.

Blue Bunting (855)
Tuesday March 10, 2009, 2:52 am
Madoff Used Fake Trading Tickets

patricia lasek (317)
Thursday March 12, 2009, 4:05 am
I got a real kick out of his wife, Ruth, asking for $62 million to "live the life-style to which she has become accustomed" if Bernie goes to prison for life. The POOR woman!

Blue Bunting (855)
Thursday March 12, 2009, 4:36 am
Hmmm, "poor" Ruth! She should be scrubbing floors and toilets in a women's prison.

Blue Bunting (855)
Thursday March 12, 2009, 7:53 am
Feds Suspect Wide Circle of Co-Conspirators in Madoff Case

Blue Bunting (855)
Thursday March 12, 2009, 9:03 am

Madoff: "I Am Deeply Sorry And Ashamed"

Blue Bunting (855)

patricia lasek (317)
Friday March 13, 2009, 3:29 am
Hooray for justice!

Blue Bunting (855)
Thursday July 2, 2009, 12:41 pm
Ruth Madoff Gets Eviction Notice From U.S. Marshals
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