2 ms·
Trick is to be lucky like Bernie Madoff creditors. Then SIPC covers all the fees. > No funds recovered in the Madoff Recovery Initiative are used to pay costs
by Scoundreller 3y ago
Trick is to be lucky like Bernie Madoff creditors. Then SIPC covers all the fees.
> No funds recovered in the Madoff Recovery Initiative are used to pay costs associated with the recovery. All trustee, legal, and accounting fees, as well as administrative expenses, are paid by SIPC.
https://www.sipc.org/news-and-media/news-releases/20231208 https://www.sipc.org/news-and-media/news-releases/20231208
Still chugging along doing collections and distributions, oh and of course billing, to this day 16 years later.