Nearly 94% of the billions of dollars lost in Madoff's notorious Ponzi scheme have been recovered, according to the Justice Department.

The US Department of Justice says victims of the Bernie Madoff fraud have received 93.71% of their fraud losses. Of course, this does not reflect the

More than 40,000 victims lost billions of dollars to Bernie Madoff, whose Ponzi scheme has been called the largest in the world.

The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of swindled investors. Twenty-three thousand victims worldwide are receiving payments,

It’s been more than 15 years since federal authorities put an end to Bernie Madoff ’s massive and destructive Ponzi scheme but the Justice Department is only now distributing final compensation payments to victims.

The Justice Department said its tenth and final distribution of funds to eligible victims of Bernie Madoff would bring their total recovery to 93.7% of their losses. Why it matters: The fraud was the largest Ponzi scheme in history,

The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of

More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,