Bernie Madoff Ponzi Victims in Line for Another $247M in Restitution
Nearly 7-1/2 years after Bernard Madoff’s Ponzi scheme was unmasked, the court-appointed trustee recouping money for the swindler’s victims on Thursday sought court approval to free up another $247 million to help cover their losses. The proposed payout would be the seventh by the trustee Irving Picard, and follows several recent settlements to recoup sums…