Madoff Ponzi Scheme Claims Exceed $40 Billion - Presented by: The Aol. On Network

The government fund created to compensate victims of the Bernie Madoff Ponzi scheme is being hit with new claims totaling in excess of $40 billion. The Department of Justice announced that more than 50,000 people from 119 countries have submitted claims. The fund administrators will have to determine how dole out around $4 billion in recovered assets to the victims.



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