“MADOFF VICTIMS TO RECEIVE $7.2 BILLION USD”
FROM THE -
JOURNALS of Monte Friesner ~ Friday December 17, 2010 >
Financial Crime Consultant for WANTED SA >
WANTED SA has learned this morning that the estate of Jeffry Picower has finally reached an agreement with the trustee for the liquidation of Bernard Madoff Investment Securities and federal prosecutors to compensate victims of Madoff's Ponzi scheme.
The U.S. Attorney for the Southern District of New York said this morning Friday. That the settlement is expected to total $7.2 billion and is by far the largest related to Madoff's case, the Wall Street Journal reported.
As each day and week go by more of the money is being recovered by Law Enforcement to the elaborate and greedy schemes by Madoff and his criminal group of bankers who defrauded billions of dollars from innocent people around the world
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