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Madoff Victim Fund Makes Final Distribution, With 94% of Fraud Losses Recovered

  • The Madoff Victim Fund has made its final distribution to victims, with 94% of the fraud losses recovered.
  • The distribution amounted to $131 million, bringing the total amount paid to victims to over $4.3 billion.
  • The recovery process was led by the Justice Department's Criminal Division, achieving nearly full recovery for over 40,000 victims.
  • The funds were collected through civil forfeiture actions against various individuals and institutions involved in the Madoff scheme.

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