Victims of Bernard Madoff will receive an additional $378.5 million in funds forfeited to the government in connection with his decades-long Ponzi scheme, the Justice Department said.
This distribution is the fifth in a series of payouts that will eventually return more than $4 billion to victims as compensation for losses they suffered from the collapse of the Bernard L. Madoff Investment Securities, according to the Justice Department.
More than $2.7 billion has been distributed to almost 38,000 victims worldwide.
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