Madoff victims to see another payout [Advisor.ca (Canada)]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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jpmorganchase.com/corporate/investor-relations/investor-relations.htm
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Source: Advisor.ca
123RFAnother US$568 million is making its way back to victims of the massive Ponzi scheme perpetrated by Bernie Madoff.The U.S. Department of Justice announced that the seventh distribution from the Madoff Victim Fund (MVF), a fund established to return recovered assets to investors, has begun.This latest distribution will return another US$568 million to approximately 31,000 investors around the world, including 2,600 investors that will see their first recovery in the case.After these payments are complete, approximately US$3.7 billion will have been returned to nearly 40,000 investors.It’s expected that the government will ultimately be able to return more than US$4 billion to victims from funds recovered by the DoJ.These funds are primarily comprised of US$2.2 billion that was forfeited by the estate of deceased Madoff investor, Jeffry Picower; and US$1.7 billion that was collected as part of a deferred prosecution agreement with JPMorgan Chase Bank N.A. The rest was recovered fro
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/24/24 - Form FWP
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- JPM's page on the SEC website