Madoff trustee begins new payout, total nears $9.5 billion

June 30, 2016 3:18 PM

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Madoff trustee begins new payout, total nears $9.5 billion

The court-appointed trustee liquidating Bernard Madoff's firm said he began on Thursday distributing another $190.2 million to fraud victims, boosting the total payout to about $9.47 billion.

Irving Picard, the trustee, said his seventh distribution will go to 972 former customers of Bernard L. Madoff Investment Securities LLC.

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