Nearly $500 mn in additional funds set for Madoff victims
New York (AFP) - Victims of Bernie Madoff, the mastermind behind the worst financial scam in history, will receive $488 million in additional payments through a victim fund, the US Justice Department said Thursday. The Madoff Victim Fund will disburse payments to more than 30,000 people around the world who were cheated out of their investments by the crooked financier between the 1970s and 2000s, the Department of Justice said in a statement. The operation marks the sixth time such payments have been made, bringing the total refunds to nearly $3.2 billion, according to the department. "That ...