COULD THERE BE SUCH VICTIMS FUND ESTABLISHED FOR PIF?
Reported by AAP Saturday, February 22, 2014
The deadline for Bernard Madoff's victims to sign up for a relief fund has been extended. The previous deadline for petitions to the Madoff Victim Fund was February 28. It is now April 30. The fund will distribute assets forfeited in the Madoff case. It is separate from a bankruptcy court proceeding that has recovered money to redistribute to burned Madoff clients. So far, the victim fund has received more than 9000 claims. Special Master Richard C. Breeden said the majority of them come from investors who are ineligible for the money being assembled in the bankruptcy court proceeding. He also said many people who may be eligible only recently learned that the fund exists. Bernie Madoff is serving a 150-year prison sentence for bilking thousands of people of nearly $US20 billion ($A22.24 billion).
Nah, our CA would snuff it out plus WHAT assets are left there for such relief fund???
Cheers,
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