Security News in Brief: Justice Department Announces Additional Distribution of More than $568 Million to Victims of Madoff Ponzi Scheme

Source: United States Department of Justice Criminal Division

The Department of Justice announced today that the Madoff Victim Fund (MVF) began its seventh distribution of approximately $568 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to over $3.7 billion to nearly 40,000 victims worldwide.