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Wednesday, June 27, 2012

A Bunch Of Bernie Madoff’s Ponzi Scheme Victims To Get $405 Million In Settlement

A recent settlement will see a group of Bernie Madoff's victims in his Ponzi scheme receive $405 million. Clients of hedge fund manager J. Ezra Merkin, including New York Law School, Bard College, Harlem Children's Zone, Homes for the Homeless and the Metropolitan Council on Jewish Poverty are included in the settlement. New York state will also get $5 million to cover the legal costs of the settlement.


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1 comment:

Bullard Construction said...

Only the poor beggars welfare folget the settlement? Not the ones who worked for and earned thier retirement. No they get nothing. Hmmmmmmp