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Justice Department Compensates Madoff Victims via Asset Forfeiture Funds

November 15, 2017 by Louis Chunovic

Justice Department Compensates Madoff Victims via Asset Forfeiture Funds

The Department of Justice (DoJ) reports that the Madoff victim fund (MVF) has begun its initial distribution of $772.5 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme. Bernard “Bernie” Madoff is, of course, the perpetrator of the largest financial fraud in American… Read More >>

Filed Under: Buy-Side, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: Bernard L. Madoff Investment Securities, financial fraud, fraud scheme, Joon H. Kim, Madoff, securities

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