Published on January 3, 2025 at 1:06 p.m. / Modified on January 3, 2025 at 1:46 p.m.
2 mins. reading
Three years after the death of Bernard Madoff, the American authorities are preparing to reimburse the last victims of the scam set up by the American businessman. On December 30, the United States Department of Justice (DOJ) announced in a statement that the tenth and final reparation payment. Amounting $131.4 million, it should concern 23,000 people. This sum comes from funds confiscated in the context of the Madoff affair.
According to the DOJ, with this final compensation, nearly 40,000 people will have been able to recover part of the funds lost in this so-called Ponzi pyramid scheme (fraudulent financial arrangement where clients’ investments are essentially remunerated or reimbursed by the funds provided). by new entrants). “Most of these victims were small investors who lost less than $500,000 in the fraud,” specify the American authorities.
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