Victims of Bernie Madoff's multi-billion-dollar Ponzi scheme will begin receiving some of their money back today.
"This initial distribution is the first return of stolen funds to Madoff's defrauded customers," said Irving Picard, the trustee overseeing the liquidation of Madoff's firm in federal bankruptcy court.
More than 1,200 account holders will split the first $312 million. The initial payments were to have been mailed last week, but were held up in litigation.
The $312 million is...Full Story