SIPC

Case News


Thursday, December 11, 2025

Seventeenth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to Nearly $14.67 Billion

Friday, February 28, 2025

Eligible Madoff Customers Have Now Received More Than $14.58 Billion from the SIPA Trustee

Monday, January 6, 2025
Wednesday, December 11, 2024

Sixteenth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to Nearly $14.54 Billion

Friday, February 23, 2024
Friday, December 8, 2023

Fifteenth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to Nearly $14.43 Billion

Friday, February 24, 2023
Friday, December 9, 2022

Fourteenth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to More Than $14.36 Billion

Friday, February 25, 2022

Including SIPC Advances, Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to More Than $14.27 Billion

Friday, December 10, 2021

Thirteenth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to Nearly $14.25 Billion

Friday, February 26, 2021
Wednesday, December 9, 2020

Twelfth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Madoff Liquidation to More Than $14.12 Billion

Friday, February 28, 2020
Wednesday, December 18, 2019

Eleventh Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to More Than $13.89 Billion

Wednesday, July 17, 2019

Settlement Delivers Immediate Benefit to BLMIS Customer Fund Of $860 Million

Thursday, July 5, 2018

Aggregate Distributions Total Approximately $11.9 Billion

Wednesday, June 13, 2018

Settlement Delivers Immediate Benefit to BLMIS Customer Fund of $280 Million - Domestic and Foreign Madoff "Indirect" Investors to Receive Benefits from Madoff Trustee's Distributions to Ascot Partners

Thursday, February 22, 2018
Monday, February 12, 2018

Madoff Trustee Has Recovered or Reached Agreements to Recover More Than $12.8 Billion To Date in BLMIS Liquidation, More Than $10 Billion Distributed to Madoff Victims To Date

Monday, December 18, 2017

Ninth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to Nearly $11.4 Billion

Wednesday, September 6, 2017

Madoff Trustee Has Recovered or Reached Agreements to Recover More Than $12.7 Billion To Date in BLMIS Liquidation; More Than $10 Billion Distributed to Madoff Victims

Tuesday, June 27, 2017
Tuesday, June 27, 2017

Joint press release from the offices of Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), and Stephen P. Harbeck, President and Chief Executive Officer of the Securities Investor Protection Corporation (SIPC)

Thursday, February 2, 2017
Wednesday, December 14, 2016

Eighth Pro Rata Interim Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to More Than $9.72 Billion

Thursday, May 26, 2016

Seventh Interim Pro Rata Distribution Will Bring Aggregate Customer Payout in Global Madoff Liquidation to more than $9.45 Billion

Friday, December 4, 2015
Tuesday, October 20, 2015

Supreme Court Decision Permits Request for Court Approval of Sixth Interim Pro Rata Distribution to Bring Aggregate Customer Payout in Global Madoff Liquidation to Approximately $9.13 Billion - Nearly 57 Percent of Losses Will Be Returned to Customers

Friday, June 19, 2015
Tuesday, March 24, 2015

Work of Trustee Picard Praised in New $93 Million Recovery Agreement Illustrating Importance of Issues Addressed in Petitions Before U.S. Supreme Court

Wednesday, March 18, 2015

Securities Investor Protection Corporation Urges Reversal of Decision Impeding Return of Funds Owed to Victims of Madoff Scheme

Monday, February 9, 2015

Madoff Trustee Irving H. Picard Announces Fifth Disbursement of $355.8 Million, Bringing Total to $7.2 Billion for Allowed Claimants

Monday, November 17, 2014

Herald Fund and Primeo Feeder Fund Recovery Agreement Adds Another $497 Million

Monday, May 5, 2014

Additional $351.6 Million Goes to Customers with Allowed Claims With Madoff Trustee�s Fourth Distribution.

Monday, April 1, 2013

Madoff Trustee's Third Distribution Sends Approximately $506.2 Million to Customers With Allowed Claims

Wednesday, February 13, 2013
Thursday, September 20, 2012

SIPC Advances Used to Facilitate Recovery of $9.1 Billion for Customers

Thursday, July 26, 2012

Will Total Approximately $1.5 Billion-$2.4 Billion

Monday, March 19, 2012

Decision a Major Step Forward in Interest of Madoff Victims, Defendants Will Pay $162 Million to Trustee Over Five Years

Tuesday, October 4, 2011

New Settlements Increase Initial, Interim Pro Rata Distribution to Approximately $312 Million

Thursday, July 28, 2011

Cash Payments of more than $1 Billion to be made to BLMIS Customer Fund; Settlement Structure Facilitates Future Recovery Distributions to Feeder Fund Investors

Wednesday, May 4, 2011

2.6 Billion to be Allocated to Customer Fund; Initial, Interim Pro Rata Distribution of Approximately $272 Million to BLMIS Customers; Appeals of Picower, Levy Settlements and Net Equity Prevent Larger Payments

Friday, December 17, 2010

Multi-Billion Dollar Settlement To Benefit Madoff's Victims Is Largest Single Forfeiture Recovery In U.S. History

Friday, December 10, 2010

Agreements Allow Charities to Continue Good Works

Sunday, May 9, 2010

Settlement Significantly Increases Potential Future Recoveries and Customer Fund Payouts

Tuesday, March 9, 2010

Victims, Other Investors Cautioned Against Providing Information Via Web Site; Bogus Claims Made About Recovering "$1.3 Billion Discovered in Madoff Hideout"

Wednesday, October 28, 2009

BLMIS Payouts Now in the Works Exceed the Total of All 321 Previous Proceedings Since Start of SIPC in 1970; In Madoff Case, the Number of Determined Claims Nears 3,000.

Wednesday, July 1, 2009

Sum of Commitments Exceeds the Total SIPC Protection Extended in 11 Largest Liquidations; Trustee Picard Makes It Easier For Last-Minute Filers.

Tuesday, May 26, 2009

As of Memorial Day, Over $116 Million in Commitments Made So Far to Satisfy 237 Madoff Claimants

Thursday, May 14, 2009

Trustee Madoff, SIPC President Harbeck Provide Update on Liquidation Proceeding

Monday, April 27, 2009

Trustee Announces Winning Bid Of Up To $25.5 Million For Madoff Market Maker Business

Thursday, February 19, 2009

Special Toll-Free Phone Line Provided for Creditors Unable to Attend in Person

Monday, January 5, 2009
Tuesday, December 30, 2008

Claim Form Mailing in Madoff Liquidation to Proceed on or before January 9, 2009

Monday, December 15, 2008