Recovery Now Available To Madoff Feeder Fund Victims
Law360, New York (November 25, 2013, 7:04 PM EST) -- A new avenue of recovery has just been opened to Madoff victims. The United States Attorney for the Southern District of New York recently announced that the Madoff Victim Fund (“MVF”) would begin accepting claims. Those who lost money invested with Madoff — indirectly or directly — should be aware of several aspects of the MVF so that they can maximize their recovery.
In December 2008, the world learned that Bernard L. Madoff Investment Securities (“BLMIS”) was a Ponzi scheme and investors realized that, in...