The Madoff victims fared a lot better than we did. We had the wrong guys handling our case. We did not get dime one from the government. Where was the court and the Securities Investor Protection Corp protecting us and getting us paid?
NEW YORK (Reuters) - Bernard Madoff's former customers will soon see their total recovery approach $14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the U.S. government will support his request to leave prison early.
Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, said he has begun distributing $369 million to holders of 854 accounts, bringing the total payout to all eligible customers to $13.93 billion.
The payout, including money committed by the Securities Investor Protection Corp, represents 80% of the $17.5 billion that Picard has said customers lost in Madoff's Ponzi scheme, which prosecutors have called the largest ever.
