Bernard L. Madoff Investment Securities
Bernard L. Madoff Investment Securities, based in New York, NY, was at the center of the largest financial fraud in history, the Madoff Ponzi scheme. Following the discovery of the scheme, a professional recovery process was initiated under the oversight of the Securities Investor Protection Corporation (SIPC), with a Trustee appointed to search for and recover funds through legal means.
Over the past decade, the Trustee and his team have worked tirelessly to recover and distribute funds to affected customers, resulting in over $14.6 billion in recoveries and settlements as of January 23, 2024. The Madoff case stands as one of the largest in SIPC's history, showcasing a remarkable effort to address the aftermath of a devastating financial crime.
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