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Hundreds of millions to be paid out in latest round of victims compensation to victims of Madoff scandal, dubbed ‘history’s largest Ponzi scheme’ by DOJ

By Dan Byrne for AMLi

Victims of one of the most extensive fraud schemes in history are to benefit from a recovery package worth hundreds of millions of dollars, it has emerged.

The United States Justice Department has announced the latest round of compensation from the Madoff Victim Fund (MVF) – intended to provide aid to tens of thousands of people affected by the Madoff Investment Scandal.

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