Articles

Madoff Trustee Requests Release of $1.5 Billion

Madoff Trustee Requests Release of $1.5 Billion from Customer FundSupreme Court Decision Permits Request for Court Approval of Sixth Interim Pro Rata Distribution to Bring Aggregate Customer Payout in Global Madoff Liquidation to Approximately $9.13 BillionNearly 57 Percent of Losses Will Be Returned to Customers

A press release from the offices of Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) is posted on ISPLA's website. It should be  of interest to those investigators who have been involved with locating Madoff assets, and to our investigative and security professionals in general.

As of October 20, 2015, the SIPA Trustee had recovered or reached agreements to recover approximately $10.9 billion since his appointment in December 2008. These outcomes exceed similar efforts related to prior Ponzi scheme recoveries, in terms of dollars and percentage of stolen funds recovered.For the full story go to: www.ispla/currentlegislativenews

Bruce H. Hulme, CFE, BAI - ISPLA Director of Government AffairsResource to Investigative and Security Professionals