NEW YORK and WASHINGTON, Feb. 25, 2022 /PRNewswire/ — Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that the thirteenth pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced today.
The SIPA Trustee is distributing more than $112 million on a pro rata basis to BLMIS account holders with allowed claims. Including today’s distribution, the aggregate amount sent to eligible BLMIS customers will total more than $14.27 billion, which includes approximately $849.9 million in advances committed by the Securities Investor Protection Corporation (SIPC). The thirteenth interim distribution represents 0.604 percent of each allowed claim and will be paid on claims relating to 791 accounts. When combined with the prior twelve distributions, in aggregate, approximately 70.452 percent of each customer’s allowed claim will be paid, unless that claim has been fully satisfied.
“SIPC continues to support and work closely with the SIPA Trustee and his legal team in their efforts to recover Madoff’s stolen funds,” said Josephine Wang, SIPC president and CEO. “The results have been extraordinary given the complexity of the case and its global scale. We are confident additional distributions will be forthcoming.”
The thirteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution…
