New York court sanctions eighth Madoff distribution
New York (Credit: iStock.com/Mlenny)
A New York court has approved a motion from the trustee for the estate of Bernie Madoff’s Ponzi scheme to commence the eighth distribution to victims, bringing total recoveries in the biggest fraud in history to US$9.72 billion.
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now